Description:
Asset Management and Engineering - Improving Maintenance, Renewals and Technical Quality
2 PDUs for PEs and CEngs - Approved
Terms and Conditions
- Email Confirmation and Webinar Link will be sent 3 days prior to the commencement date of event. Please remember to check you junk/spam folder. Should you not receive, please email to shelly.ng@iesnet.org.sg
- Please note that confirmation will only be given to those who have made payment.
Topic:
What is Asset Management and Why do We Need It by Mr Michael Patterson and Mr Richard Edwards
AMCL’s would like to offer 10 free seats for 10 lucky participants attending the webinar as a part of the presentation and would like to thank the participants for attending the webinar. For more information on the training, please click HERE
This is one of their our online courses and there will be a QR code for them to scan which will take them to the website to register their details.
Formulating Risk-based Replacement Policy by Mr Cho Sungin
Enhancing Asset Management with Technical Quality by Er. Desmond Ng
Digital Asset Management Analytics and Predictive Maintenance by Mr Leow Meng Fai
SYNOPSIS
What is Asset Management and Why do We Need It
Asset Management is a discipline and is concerned about the lifecycle management of assets. Asset Management is often misunderstood, thought to be primarily about the maintenance of assets - this is far from the truth.
Asset management is concerned about all activities associated with getting the most value from the assets which are used to achieve the organisations goals and objectives. This includes activities associated with human resource management, strategy and planning, procurement, engineering, risk, performance and of course activities associated with the operations and maintenance of equipment.
Organisations who don’t practice good asset management carry hidden risk(s) which may result in tragedy, they waste money and resources, teams and processes are disjointed, there is a lot of firefighting happening and the organisation is not making headway or improvements. Whether you are an Engineer, Para-professional, Asset Manager or a member of top management, you have a role in asset management.
This 40 min talk is about promoting the benefits of asset management and is presented by Mr Richard Edwards and Mr Michael Patterson of AMCL – an international leading asset management consultancy with offices across the world including Singapore.
Formulating Risk-based Replacement Policy
A traditional replacement approach often involves fixed replacement criteria, which are normally being defined for each specific equipment type. The main drawback of this approach is that no account is made for the differences in stress history or in the impact and thereby the risk of failure: within a specific asset class, critical assets follow the same criteria as non-critical assets, leading to (too) high replacement volumes and (too) early replacements.
This presentation is about how to formulate a risk-based replacement process, staying away from fixed replacement criteria. Rather than simply replacing these assets, only these assets (and only these assets)they are subjected to a risk assessment by estimating the probability and impact, using the risk matrix. Next, the optimum solution for mitigating the risk is defined. This may consist of replacement, but it may just as well be refurbishment, intensification of maintenance, or even accepting the risk.
Enhancing Asset Management with Technical Quality
At the current times, due to demands for high efficiency, performance and optimization of utilising assets, asset owners are struggling with managing the end of electrical asset life, operating the power network at manageable risk levels, and increasing the quality of service. This requires a new framework for asset management which allows asset owners to have a better understanding and visibility of their assets, thus enabling appropriate decisions to be made in terms of the allocation of investments required to operate and manage their asset portfolio. While international AM standards such as the ISO 55000 series provide an internationally accepted framework, terminology and structure, they do not propose industry-specific guidelines. Thus asset owners should incorporate the proper technical content in their asset management system when developing a roadmap and corresponding implementation plan.
Digital Asset Management Analytics and Predictive Maintenance
With the ubiquity of data through the use of condition monitoring, industrial automation systems and networks, big data and data analytics can enable new ways in how asset information and data can be used in Asset Management and Maintenance. The presentation will introduce ideas and applications in using such asset information and data with analytics to improve reliability management, adoption of Predictive Maintenance tenets and delivery of asset management outcomes.
For more information on the speakers, please click HERE
POSTPONEMENT/CANCELLATION
IES reserves the full rights to cancel or postpone the Event under such circumstances without prior reasons. And/or due to unforeseen circumstances. Every effort, however, will be made to inform the participants or contact person of any cancellation or postponement. Fees will be refunded in FULL if any Event is cancelled by IES.
(Please be informed that there will be a cancellation charge of 4.5% if cancelled by participant)
For more information, please email to shelly.ng@iesnet.org.sg.
PERSONAL DATA PROTECTION POLICY
I consent to the processing by Institution of Engineers, Singapore and/ or its Supporting Organisation(s) of personal data, including sensitive personal data as defined in the Data Protection Act 2012, about me for the proper purposes of Institution of Engineers, Singapore (IES) and/ or its Supporting Organisation(s). I undertake to observe the provisions of the Data Protection Act 2012 in relation to any personal data I may myself hold and process as a Members of Institution of Engineers, Singapore, and I agree to indemnify Institution of Engineers, Singapore and/ or its Supporting Organisation(s) from liability for any claims or damages that may arise from the processing of this data. For more information kindly refer to: https://www.ies.org.sg/About-IES/PDPA and/ or check directly with the Supporting Organisation(s).
Yet to be allocated |
