Balancing Risk & Cost
with a
Comprehensive
APM Strategy Solution

Are inefficient and ineffective equipment strategies eroding the reliability and profitability of your production facilities or operations?

Is the lack of standardization and control preventing your organization from implementing optimized best practice equipment maintenance, monitoring and inspection strategies across your enterprise?

Are your systems, processes and people aligned to identify, mitigate and monitor the risks that threaten your ability to achieve and sustain asset reliability and performance improvements?

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Customer Success Stories (By Industry)

Petrochemicals

14%

Deduction in Corrective
Maintenance

25%

Increase in Preventative
Maintenance

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Mining

100%

ROI in
9 months

115%

ROI in
12 months

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Paper & Pulp

12.8%

Projected annual maintenance
cost reduction delays

7.2%

Cost savings in 90 days

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Oil & Gas

2800+

Failure Mode & Effects
Analysis (FMEA) completed

34,500+

Risks identified

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Integrated Risk Based Optimization &
Strategy Management

Criticality Assessment

Identify which assets and systems are most critical to the business

Asset Strategy Manager

Perform risk assessments for known asset failure modes

Accelerators

Establish asset risks using predefined Asset Templates and SmartSignal Blueprints

RCM and FMEA

Industry standard methodologies for strategy optimization

Risk Based Inspection

Analyze the risk of components failing for fixed equipment due to specific degradation mechanisms

Safety and Hazards Analysis

Identify hazardous processes and manage risk with safety instrumented systems

Planned Maintenance

Harmonize and control your EAM maintenance plans for optimal effectiveness and cost efficiency

Asset Monitoring

Leverage Health Manager, SmartSignal and Policies to monitor, detect and analyze potential threats

Mobile Data Collection

Execute Condition-Based Maintenance, visual inspections and manual data collection via Rounds

Inspections Management

Ensure compliance via inspection programs for fixed equipment

Calibrations and Proof Tests

Execute calibrations of instruments and analyzers, and proof tests for safety systems

Corrective Maintenance

Drive and manage your corrective action program across all of APM

Maintenance History and Cost Data

Asset Health and Condition Data

Failure and Event Data

Production Loss Data

Health Manager

Visualize and evaluate asset risks, events, alerts and acknowledge warnings

Policy Manager

Build automation and intelligence to analyze strategy performance and drive prescriptive actions

SmartSignal

Utilize predictive analytics to detect emerging threats and prevent failure or loss of function

Alerts and Cases

Actively manage current risks, drive collaborative investigation and document learnings

Root Cause Analysis

Determine root causes and drive back into strategy to prevent future failures

Reliability Analytics

Statistical reliability analysis to determine MTBF, failure patterns and perform RAM system modeling

Benefits

Reduce

Decrease overall risk exposure
Reduce unplanned downtime and increasing availability and reliability by helping to ensure that critical assets and systems are monitored and protected from emerging threats
Minimize costly reactive emergency repairs by detecting problems early, turning unplanned downtime into planned downtime
Eliminate often unnecessary routine preventive maintenance—which also introduces risk and decreases availability and helping you transition to a more efficient and proactive condition and risk-based maintenance program
Optimize spare parts inventory and holding costs by minimizing the likelihood of emergency repairs and implementing an optimized risk-based planned maintenance program

Protect

Protect the health and safety of employees and the environment by reducing asset related incidents

Improve

Improve workforce productivity and effectiveness by prioritizing maintenance expenditures based on criticality, risk, and cost
Extend asset life and improve overall Return on Assets (ROA)
Enable compliance with ISO 55000 standards to lower insurance premiums

Essential Work Processes to Improve Profitability

Assess Criticality of Assets
Identify Risks and Mitigating Actions
Optimize Mitigation Strategies for Risk and Cost
Manage and Implement Asset Strategies
Drive Corrective Actions and Continuous Improvement

Learn About Key Modules
Download Datasheet

Integration with EAM Systems

Ineffective and inefficient planned or preventative maintenance activities represent one of the largest areas of opportunity for risk-based optimization to help:

Eliminate costly and unnecessary planned maintenance tasks
Prevent under maintaining critical assets with the highest risk
Extend current maintenance intervals without increasing risk
Replace calendar-based tasks with condition-based maintenance tasks

The optimization process requires ability to import existing maintenance plans and send new or updated maintenance plans to the EAM to ensure harmonization between the strategy management and execution system. APM Strategy provides a single source of organizational visibility, control and approval of asset maintenance strategies and enables standardization best practice strategies across the enterprise. Our EAM integration provides flexible capabilities and interfaces to seamlessly facilitate and manage the optimization process.

Achieve business
results faster

Save 1000s of
development hours

Quickly
experience ROI

Asset Strategy Accelerators

Asset Strategy Accelerators are a collection of predefined templates that contain the known failure modes and prescribed mitigating actions for specific asset or equipment types.

Rapid deployment and standardization of best practices across the enterprise
Thousands of hours of embedded subject matter and domain expertise
Reduce plant personnel and resources required to perform strategy development
Accelerate customer time to value

Achieve business
results faster

Save 1000s of
development hours

Quickly
experience ROI

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Learn how to manage risk, optimize O&M expenditures and maximize equipment with an integrated Asset Strategy solution.

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