Asset management is crucial to manage risks, make investment decisions that maximize performance, reduce losses, and ensure reliability and quality in a highly regulated and demanding market.
What is its importance?
Asset management plays a crucial role in risk management, investment decision-making, performance maximization, and loss reduction, ensuring reliability and quality in a highly regulated and demanding market.
In the power sector, equipment plays an essential role and is extremely complex, being indispensable for the proper functioning of the system.
Therefore, it is of utmost importance to implement effective asset management that allows the identification of possible failures and the proper execution of preventive and corrective maintenance.
Moreover, it is important to highlight that few companies have a clear strategy and an official plan for asset replacement, renewal, or reinforcement that meet the required quality and reliability standards. This is partly due to the difficulties in accessing and implementing the best asset management practices.
Set clear goals in asset management planning:
The definition of objectives and goals plays a crucial role in the success of the process, and it is important that they meet various criteria.
First and foremost, they must be measurable, meaning they can be quantified and objectively demonstrated.
Additionally, they must be aligned with the company's strategy and committed to continuous improvement. To achieve this, it is important that they are widely known and shared by all employees and service providers involved in the process.
It is equally necessary to regularly review and update objectives and goals, ensuring they remain relevant and consistent with the management strategy. It is essential to consider legal and regulatory aspects, as well as the organization's expectations and the risks involved.
Finally, it is important to explore improvement opportunities, such as new technologies and management tools, as well as techniques and practices adopted in the market.
By following these guidelines, it is possible to establish effective objectives and goals for asset management.
SMART Method
The goals of successful asset management can be summarized using the SMART acronym
This approach helps establish goals that are Specific, Measurable, Achievable, Relevant, and Time-bound.
Specific
Measurable
Achievable
Realistic
Time-based
In summary, adopting SMART goals in asset management is essential to ensure the effectiveness and success of the process.
This approach provides clear direction, objective measurement, realistic feasibility, strategic relevance, and defined time, driving the organization towards excellence in asset management.
Steps for basic implementation of asset management:
To meet requirements, it is necessary to identify and comply with applicable standards and regulations.
Risk management plays a fundamental role, involving the assessment and management of risks associated with assets.
Performance condition monitoring is carried out through advanced technologies, allowing the monitoring of asset performance and detection of possible failures.
It is equally important to investigate accidents, incidents, and failures through analysis and investigations to understand occurrences involving assets.
Economic analyses and asset lifecycle considerations are made, analyzing costs and benefits over their lifespan.
All collected information is fundamental for decision-making and constantly seeks improvements in asset management.
What are the fundamental steps to ensure equipment availability and efficiency?
Developing an effective asset management policy requires a complex process, including understanding the company's vision and mission, as well as a thorough strategic analysis of its position in the market.
In this context, several steps are involved to ensure equipment availability over time and minimize losses.
Among these steps, the following stand out:
Regular inspection of critical assets;
Identification and risk assessment;
Failure and root cause analysis;
Selection of appropriate maintenance techniques and plans;
Definition of service level and preventive maintenance activities;
Training and capacity building of employees;
Management of spare parts inventory;
Proper recording of all maintenance activities for asset condition monitoring;
Execution of preventive and corrective maintenance;
Use of advanced technologies (vibration analysis, thermography, ultrasound, and oil analysis);
Establishment of performance indicators to assess the effectiveness of the maintenance plan;
Conducting cost-benefit analyses;
Asset replacement at the appropriate time.
Define tasks for the asset management team:
Define strategic action lines;
Establish an operational policy (including control capacity, tools, and necessary knowledge);
Prioritize investments in assets;
Manage internal and external suppliers;
Establish services and procedures for asset maintenance and repair;
Perform complete asset lifecycle management, including knowledge of their characteristics, history, and performance.
Expected results:
Improvement of asset lifecycle and optimization of costs involved;
Increase in return on investment in assets;
Customer and shareholder satisfaction;
Creation of value for the company and other stakeholders.
* Stakeholders that must comply with the corporate governance practices implemented by the company.
Ensuring efficiency and availability of electrical equipment in the power sector
It is extremely important for companies in the power sector to invest in advanced technologies and train their employees to implement efficient processes for asset lifecycle management. To achieve this, it is necessary to adopt continuous monitoring techniques, predictive analysis, and preventive maintenance, allowing the identification of possible failures before they become critical.
HVEX offers a wide range of solutions to expand the safety and performance of energy utilities and electro-intensive industries. Additionally, we provide leading-edge technologies for asset monitoring, laboratory equipment, and research and development of new solutions for enhanced asset management.
Our specialized team is fully committed to ensuring the reliability, efficiency, and safety of our clients assets in the power sector. We work hard to provide effective and innovative solutions that help maximize performance, reduce costs, and increase profitability.
If you are looking for solutions that can enhance the performance and safety of your electrical assets, we recommend exploring the products and services offered by HVEX.
From monitoring technologies to asset lifecycle management, we are ready to meet your needs and ensure customer satisfaction.
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Source: ZAMPOLLI, M. Guia básico para implantação da gestão de ativos em empresas de energia (G. Garcia Jr, Ed.). [s.l.] International Copper Association Latin America, 2012.