Maximising asset value quickly with Sabisu & PAS 55 / ISO 55000

At Sabisu we understand our software is as valuable as the actions it drives in the physical world; it all boils down to the maximising of asset value.

Steam-Release-Plant

Assets are physical. They have to be looked after. They cost money. Sometimes they don’t behave as you might expect. In fact, whilst most petrochemicals  manufacturing or refining processes these days are optimised through advanced process control there’s a whole physical, idiosyncratic world out there that isn’t baked into those calculations.

Managing the physical assets well is a key part of taking the opportunities and eliminating the constraints that are present in every plant. Sabisu may only be software but it allows you to find and exploits those opportunities in the physical world such as reducing wasted energy, feedstock, product and emissions.

For example here’s the total flaring activity for a refinery; it’s easy to see there’s a problem.

Sabisu-Asset-Management-Dashboard

In this physical world best practice asset management is defined by PAS 55 and ISO 55000. PAS 55 is a Publicly Available Specification published by the British Standards Institution; ISO 55000 is based on PAS 55 and is expected to be ratified as an ISO standard in Q1 2014.

ISO 55000 is used here to include ISO 55000 (the overview), ISO 55001 (the system) and ISO 55002 (guidance for implementation).

As there is no ISO 55000 measurement standard, we use the specifications to ensure the platform is PAS55 & ISO 55000 compliant; that it can provide the management information required by the processes outlined in those documents.

 At the highest level, Sabisu clearly fits the Plan-Do-Check-Act framework used by PAS 55 / ISO 55000:
  • Sabisu dashboards and reports inform the plan process.
  • Sabisu clearly qualifies within the do processes as an ‘enabler’ for asset management as it’s an asset management information system.
  • Sabisu is an excellent fit within the check processes as a monitoring and measurement system.
  • With features such as Actions, Sabisu also fits the act processes, ensuring actions are allocated and carried out.

At a more detailed level, using headings from PAS 55 as a guide below (as it’s an issued publicly available document) we feel Sabisu is particularly relevant in executing or measuring the execution of the following activities:

  • 4.3.2 Asset management objectives : setting, reviewing and communicating measurable objectives (as discussed here).
  • 4.4.2 Outsourcing of asset management activities: ensuring control, sharing of knowledge & information (as discussed here).
  • 4.4.4 Communication, participation and consultation: communicating risk assessments and controls specifications; incident investigation; continuous system improvement.
  • 4.4.6 Information management: providing access to all (i.e., internal & external ) stakeholders; consistency of information provided; controlling information
  • 4.4.7 Risk management: identification and assessment of asset-related and asset management-related risks; identification and implementation of control measures.
  • 4.5.1 Life cycle activities: asset utilisation; asset maintenance activities.
  • 4.5.2 Tools, facilities and equipment: achieving required function & performance from its asset or asset systems; monitoring and measurement of performance and/or condition.
  • 4.6.1 Performance and condition monitoring: all clauses within this section apply; reactive/proactive monitoring, leading/lagging performance indicators, qualitative/quantitative measures, data recording.
  • 4.6.2 Investigation of asset-related failures, incidents and non-conformities; taking action to mitigate consquences, investigation, evaluation of preventative actions, communication.
  • 4.6.3 Evaluation of compliance; particular focus on regulatory compliance and reporting in Environmental, Health & Safety, Security areas, e.g., climate change, incident management.
  • 4.6.4 Audit; reporting of audit results and ensuring actions are completed.
  • 4.6.5 Improvement actions; completing corrective or preventive actions; measuring costs, asset related risks and performance/condition of assets/asset systems.
  •  4.6.6 Records; maintaining records, particularly in accordance with clause 4.4.6.
  • 4.7 Management Review; recording, collating and communicating all data for management reviews; documenting management review outputs.
As you can see, there’s much that Sabisu can do in this area. These standards are a perfect fit for Sabisu. In forthcoming posts, we’ll show you examples of Sabisu delivering in each of these areas.

We must, in the absence of measurement standards, help each customer find their own way by understanding their business, working with experts in each field within asset management to specify the appropriate KPIs, dashboards and workflows. The difference between Sabisu and other platforms is simple: implementation is measured in days.

So confident are we that Sabisu simply requires configuration, we know that within 5 days you can have PAS 55/ISO 55000 KPIs calculated in real-time using your physical process data.

We can think of no quicker way of influencing your physical world for the better.

How might you start ? By ensuring your Asset Management Strategy, Objectives and Plans are workable and measured, as we discuss in our next blog post:

ISO 55000 : Asset Management Strategy, Objectives & Plans 

Or, if you’d like an informal chat about your approach to measuring ISO 55000 and PAS 55 we’d love to hear from you.

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