Asset Management Insights. Celso de Azevedo

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Название Asset Management Insights
Автор произведения Celso de Azevedo
Жанр Экономика
Серия
Издательство Экономика
Год выпуска 0
isbn 9780831195328



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Operational Reliability

       7.1 Reliability: “The Rearview Mirror and the Windshield”

       7.2 Demystifying MTBF—Mean Time Between Failures

       7.3 Reliability and Professional Behavior

       CHAPTER 8

       Risk and Its Management

       8.1 Monetizing Risks: Stakes and Originality

       8.2 What Type of Management for Risk?

       8.3 Consented Risk Optimization

       8.4 The Language of Risk

       8.5 International Benchmarking: A Bittersweet Experience

       CHAPTER 9

       Operation and Maintenance

       9.1 Of the Usefulness of Monetizing Risk

       9.2 The Role of Trade-Offs in Asset Management

       9.3 Managing Uncertainty

       9.4 Useful Life and Mature Life

       PART IV

       The End-of-Life

       CHAPTER 10

       Asset Modification and Maintenance

       10.1 Loving Care: The Stakes of Therapeutic Obstinacy

       10.2 End-of-Life Threshold: A New Indicator for Profitable Operations

       10.3 The Stubbornness of Degradation Kinetics

       CHAPTER 11

       Asset Replacement and Disposal

       11.1 Extracting Value from Assets: Until When?

       11.2 All Assets Are Mortal

       Conclusion

       Notes

       Bibliography

       Figures Index

       Index

       Foreword

       The Emergence of a Necessity

      To produce a historical account of our discipline’s genesis would be an exercise both tedious and, in the end, only sparsely instructive. What strikes us as more pressing, considering the shortfalls, the approximations, and the genuine mistakes made on a regular basis by some of those who claim to know our subject’s intricate workings, is to come back to the deeply rooted causes of its emergence in order to demonstrate that its development was inscribed in a rationale of necessity.

      In the 1980s, as in other turning moments in history, the industrial and infrastructural worlds experienced a paradigm shift, thus setting the scene for a positive transformation of our relation to the management of assets, namely the means (physical or not) through which an organization seeks to extract value from the assets’ operation throughout their life cycles. By illustrating this progression, we hope to shed a light on the foundations and the inherent dynamics and logics of Asset Management, as well as to respond to the questions and criticisms expressed by those who claim, against all reason, to view it as nothing more than a superfluous appendix of industrial maintenance or, for that matter, of any operational discipline that plays a part in the challenges of Asset Management without embodying its totality.

      Similarly, we wish to prove wrong those who, failing to understand our discipline’s mechanisms, dogmatize it to the point of rigidity; the very self-proclaimed experts who, when they are not busy dogmatizing Asset Management, feel entitled to discuss it even though they can only boast a superficial or partial knowledge of the matter. In other words, we intend to provide a positive vision of the management of assets, founded on a true conceptual rigor but exemplified by experience.

      Needless to say, this demonstration cannot claim to offer a somewhat utopian character of certainty. I myself have been so lucky as to pursue just about the entirety of my career in this discipline’s emergence and momentum; therefore, my perspective is eminently initiatory, and simultaneously covers a practice spread over several decades, a conceptual stack validated by empiricism, and the occasional trials and errors of the scientific thought.

      Furthermore, it goes without saying that the history of scientific thought should not be devised as a straight axis, whizzing through the ages without twisting and turning. On the contrary, we know that science advances through experience, and therefore through trials and failures—progress deriving, in fine, from our right to make mistakes. This road towards progress is therefore characterized by the systematic confrontation of “old” questions to innovative and crystallizing solutions, themselves made available by the frequent theoretical achievements that accompany the process. It is therefore obvious that a more performant system can only be designed by learning from the dysfunctions of one previously experienced—which isn’t to say that we should reject as a whole every particular element of an anterior model, but rather that we should learn to draw the consequences from past failures, as soon as novel and superior ideas have been demonstrated beyond doubt.

      In compliance with this rationale, it is specifically in the faults and the shortfalls of the classical models of production and management that one should seek the foundations of Asset Management. Moreover, that is how I was myself first confronted with the issue, as a young engineer hired as a maintenance manager of an infrastructure network.

      If I choose to discuss industrial maintenance specifically and as a form of stepping stone for Asset Management, it is also because I appreciate that my situation as a former maintenance manager is far from singular. To this day, three decades after the first projects undertaken with a set of international colleagues, I still observe that a remarkable and continuous proportion of managers who commit to Asset Management or even to ISO 55001 Certification programs and approaches come from the field of maintenance on the worldwide scale.

       Of the Necessity of Developing a Rigorous Asset Management Discipline

      I often tell the tale of my first confrontation with failure: in that time, I was still working as a maintenance manager in my native Brazil, having recently graduated. I worked for a major public transports operator, and my position came with all that one could expect at the time in terms of tools and practices. Despite praiseworthy evolutions in the field of technological tools and practices, contemporary conventions and individual mindsets encountered in the maintenance sector have moreover remained almost unaltered since those days. We were stubborn and determined mechanics, and yet we paradoxically lacked any model of strategic vision for our task. Our workload was cadenced by a cycle of degradations and failures of the rolling stock and of the infrastructures over which we apparently had very little control, if not none at all.

      Fatally,