Capital Asset Management – Prioritizing Critical Assets and Securing Their Reliability Description

John Solomon
JD Solomon is a Vice President with CH2M. As a senior consultant to both industry and public agencies, he uses his training and years of experience in risk, reliability, and decision analysis to assist clients with strategic planning, asset management, O&M optimization, and financial management. He is a Certified Reliability Engineer (CRE), Certified Maintenance and Reliability Professional ...read more

Date:
June 14, 2018

Time:
12:00-1:00 PM EST

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Details

This webinar will focus on key aspects of asset management, identifying critical assets, and prioritizing capital funding for those assets that will ensure their life-cycle performance. Participants will gain an overview of the international asset management standard, ISO 55000, will gain an understanding of the differences between risk and criticality, and receive a detailed discussion of different prioritization methods. Strengths, pitfalls, and pointers will be provided related to most popular approach based on multi-criteria or multi-attributes. Strengths, pitfall, and pointer will also be provided related to alternative approaches, including forced-rank methods. Special considerations related to project size, project phasing, timing (cash flow), dependencies, and considerations for special projects such as studies, new technologies, and pilot programs will also be discussed. The webinar will be provided at the beginner-intermediate level. It is applicable to all reliability and risk practitioners.


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