At its core, an review or assessment is often carried out by an objective third party to review an organization’s maintenance and reliability processes. Utilizing your asset performance management (APM) to gain insight into your day-to-day operations is useful to identify bottlenecks and areas of opportunity. It can also identify that you may not be using your APM to its full capacity and missing metrics or data collection that can lead to that insight.
Performing an assessment shines a light on problem areas that might otherwise continue to hinder performance. Take CMMS/EAM data. Often, the data in a company’s CMMS is dated, resulting in unreliable asset information. Frequently, asset hierarchies have shifted, or equipment has been upgraded or decommissioned, and because these systems are transactional and not easily appraised consistently, data only becomes less accurate over time.
It is important to foster a culture of continuous examination rather than thinking of an assessment as a yearly chore. If you want continuous improvements in your asset performance, you need to continuously assess your maintenance procedures and equipment and the current state of your operations. Equipment data becomes obsolete, new technologies emerge, and the need to reevaluate processes becomes only more necessary.