Ageing infrastructure, new technologies, commitments to sustainability, regulatory and performance requirements are forcing the infrastructure and transportation sector to re-engineer its approach to Asset Performance Management (APM). Maximizing the reliability, availability, maintainability and safety (RAMS) of these assets can be a challenge while also keeping the budget in check. Companies will have to find ways to extend the asset lifetime or retire assets and design, plan and build replacements. This means planning ahead and ensuring that assets will stay maintainable and operable within the performance boundaries and their life cycle s to come. To meet the requirements of all stakeholders, organizations in the infra- and transportation sector need to be able to find the right balance between risk, performance and costs while maintaining the existing infrastructure and investing in new initiatives to become and stay resilient tomorrow and in the future.

See Results for Infrastructure Leaders

APM in Infrastructure and Transportation

How we help

From insights to control

  • Improved management of risk: in partnership with our clients we develop, deploy and improve structured risk management and maintenance strategies for reliable assets and increased cost optimization opportunities. This can include RAMS studies, FMECA, Reliability-Centered Maintenance, Root Cause Analysis, Risk-Based Maintenance.

  • Facilitate decision support to companies managing critical infrastructure. We help our clients to deploy strategies which deliver the highest business value through for example Asset Lifetime Extension studies and plans and Asset Lifecycle Costing.

  • Change management: boost organizational learning and interdisciplinary collaboration through our pragmatic project approach

  • Data management: from cleansing data, enriching data to connecting IT and OT systems and data to full insights in asset performance through interdisciplinary shared asset data dashboards for joint decision making.

  • Industry 4.0 solutions like connected assets, connected worker, APM & EAM deployment: solution selection, process design, configuration and deployment, reporting and company-wide dashboards for insights and control.

Get in touch.

Alex Lemuz

Alex Lemuz
Account Relations Manager

alex.lemuz@maxgrip.com
T: +1 832-933-1602

APM Challenges for Infrastructure and Transportation

Sustainability

Asset management can contribute to the energy transition of infrastructure and transportation assets. By digitalizing asset management, it will become easier to optimize asset reliability, availability, performance and energy usage. In that way, the industry can for instance extend the life cycle of assets, save energy, avoid extra work and workforce movements by predicting and preventing failure with effective measures. This all adds to lowering the carbon footprint.

Aging asset base

As described above, many organizations in the infra and transport industries struggle to design and predict future needs across assets  which are nearing or at the end of their technical life cycle. This means that the asset life has to be extended, if possible and cost-effective, or that the asset needs to be decommissioned and a new build and maintain plan will be created based on asset type, required conditions, expected degradation and accepted risk profile. Usually, these are large projects in which optimal asset performance management is key. This includes the total cost of operating as well as effective risk management throughout the entire required lifecycle.

Digitalization of asset management

With Industry 4.0 and related APM solutions comes the opportunity for companies managing critical infrastructure to utilize greater intelligence through harnessing the power of data. Connected assets, -workers and -systems can provide data which through business logic can be engaged to generate valuable insights about the asset's condition and investment scenarios. Through smart algorithms and the use of predictive and prescriptive maintenance, failure can be prevented which will optimize asset utilization and related costs as well as the maintenance department's efficiency and effectiveness.

Management of Change

With digitalization and the energy transition being piloted and implemented in asset performance management strategies, will come significant change. This will impact organizations in a big way. Processes, systems and tools will be used differently and the workforce will have to adapt quickly to ensure success for the future by utilizing the value of digitalization and Industry 4.0.

Services for every Asset Performance Management challenge

Asset Improvement Program

Assess your organization, deploy improvements and realize sustainable performance

EAM Implementation & Value Realization

Have your organization get the most out of your EAM system

Predictive Maintenance Program

A Structured, Value-Driven Approach for Lasting Impact

Demonstrate Compliance

Prove regulatory compliance and safe practices.

Asset Integrity & Assurance

Safeguard safety with optimized asset integrity management

Asset Management Training and Coaching

Have your staff raise the bar of asset management

Maintenance & Reliability Management

Bring in MaxGrip maintenance experts to get the job done

Other APM challenges

Is your challenge not mentioned? Get in touch with an expert and we will find a solution together.

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