Brochure - AVEVA Asset Strategy Optimization
Brochure - AVEVA Asset Strategy Optimization
02
The Value of Connecting AVEVA Asset Strategy Optimization and EAM
Improve asset performance by integrating Risk AVEVA Asset Strategy Optimization interfaces
Based Maintenance to your EAM system. AVEVA seamlessly with existing EAM systems, to enable users
Asset Strategy Optimization generates optimized to get the most out of existing investments and speed
maintenance and spare parts strategies by looking at up installation, implementation and deployment.
the big picture first and then prioritizing before getting
Simulate maintenance strategies to calculate effects
to the relevant details for each asset.
and ROI over the entire asset life cycle and export
The software provides real-time data and analyses strategies directly to the EAM system for planning
asset behavior down to component level if necessary and execution
to arrive at the optimum APM strategy based on facts Comprehensive Root Cause Analysis (RCA) for
and acceptable risks. Statistics can also be modified incident logging, solution definitions, and secure
and updated to reflect experience and insights. With prevention – including an average 1:30 ROI within
open integration to existing systems. The software a year
connects seamlessly with EAM solutions for direct
integration with daily work procedures, maintenance Asset Strategy Libraries built with 20 years’ worth
planning and spare parts management. The solution of equipment reliability data, in order to speed up
also enables quick and complete RCM studies based on deployment time (up to 90% improvement)
asset criticality.
1 Company Objectives
Setting Priorities
Asset Performance 6 3
Monitoring & RBM Risk Analysis
Optimization
EAM System
5 4
Actual Execution Risk Mitigation Strategies
Integrating risk management to EAM system brings a systematic approach to continuous improvement.
03
The Journey Starts with Quality Data
AVEVA Asset Strategy Optimization data insights The Reliability Centered Maintenance (RCM) module
represent the strategy component of executing the offers direct insight into the effects of specific failures
journey to reach your business objectives. Productivity, on reaching business objectives. Such acute awareness
safety, quality, compliance, and cost efficiency start of consequences results in informed and timely
with knowing the facts about current performance decisions about cost savings, based on acceptable
and where improvements can have the biggest impact risk. RCM enables rapid criticality analysis, a first
on bottom line. Understanding the criticality of your assessment to find the right way forward immediately
assets, what deserves priority and what can wait and prevent wasting resources on what initially
to be serviced, can be crucial in today’s increasingly seemed important.
competitive markets.
Total cost
Preventive
maintenance
cost
Goal
Cost of non-availability
(production loss +
break down)
Hitting the sweet spot with optimized maintenance based on acceptable risk.
04
Identify Systems / Assets
Define Functions and Define Probabilities and
Functional Failures and
Functional Failures Consequences of Failures
Consequences of Failures
Assess Potential
Criticality Assessment
Risk of Failure
Identify Measures
to Reduce the Potential Act Plan
Risk of Failure
Optimize PM
Assess remaining Risk Check Do
Check efficiency
The methodic RCM approach that keeps your assets at optimum levels of availability and reliability.
If high-quality data is the key to successful asset AVEVA’s Asset Strategy Library ensures rapid deployment
management, companies need the means to collect by adding 20 years of failure mode data to complete
and manage that data. AVEVA Asset Strategy the asset data. The asset library contains RCM-based
Optimization allows you to structure, manage and equipment failure data and preventive maintenance (PM)
use asset-related data in the most effective manner templates for the top 100 most commonly found asset
imaginable. In a highly structured process, data is laying types in asset-intensive industries:
the foundations for your ideal maintenance strategies.
Decision-making is greatly simplified by quickly 1,000 components
comparing existing strategies to industry libraries, best 1,500 failure causes with failure conditions
practices and the state of your assets. 2,000 preventative tasks
5,000 prescriptive tasks
20 years and 22,000 man-years of experience
05
Once running, the solution allows
users to explore all investment,
production and maintenance
scenarios to determine the best
way forward.
06 A
Maintenance Strategy Defined and Deployed
Systematic Reliability Centered Maintenance analysis month, next year or anywhere in the asset lifecycle.
leads to development, sharing, and deepening of the The chosen strategy is automatically translated to
knowledge of your assets. The solution helps to define maintenance tasks and preparations can be easily
acceptable risks, your maintenance strategy, and the operationalized in your EAM system. You can easily
best route to your business objectives. Decisions on tailor to specific needs, for example by fast mass
capital-intensive replacements can have a high impact mutations when a change in business objectives
on profitability and continuity. RCM also shows when warrants an entirely new maintenance strategy.
ageing assets become too expensive to maintain, and
calculates the impact of different renewal scenarios on Learn from the Past to Prevent in the Future
CAPEX and OPEX. Frequent failures and safety incidents have a big
impact on operations. Jumping to conclusions and
Predict Outcomes resorting to stopgaps usually means treating symptoms
With the ability to predict the effects of different instead of causes. When the root causes have been
maintenance and investment scenarios, users can established, and all measures and solutions have
choose the optimum strategy to cover the entire asset been systematically registered and analyzed, it will be
lifecycle. Asset design and condition, market demand, possible to prevent future incidents.
regulatory compliance and risk analysis are the basis
for maintenance strategies. As all these elements can The immediate harmful effects of failing assets may go
and will change over time, AVEVA Asset Strategy far beyond production losses, and endanger the safety
Optimization enables you to explore multiple scenarios of people and the environment. Prevention is the better
and predict the impact of changes to arrive at the most option in all cases. Asset Performance Management
cost-effective strategy. helps to predict and prevent failures and get the most
out of your assets. AVEVA Asset Strategy Optimization
Simulate Effects also supports business objectives such as production
optimization, safety, quality and cost control, while
The simulation functionality helps users calculate the dealing effectively with compliance issues and
ROI and effects of maintenance strategies for this environmental care.
Step 1 Step 3
Define the Identify
Problem effective solutions
Step 2 Step 4
Determine the Implement and
causal relationships track solutions
07
Spare Part Optimization Flexible Hosting and Services Model
Spare parts and components can be crucial for safety, AVEVA ensures that you get the full range of benefits
compliance, asset availability, even business continuity. from AVEVA Asset Strategy Optimization including
A small part can cause big problems when it fails and installation and integration services, in addition
can’t be replaced rapidly. At the same time, keeping to consulting services. The solution is available on
large numbers in stock is obviously not the most premises and as a service (SaaS). User training and
efficient way to mitigate risks in terms of costs e-learning courses help our customers discover best
and logistics. practices and get the most out of their systems.
AVEVA Asset Strategy Optimization delivers additional For more information on Asset Performance
functionality to your EAM inventory management module. Management with AVEVA Asset Strategy Optimization,
It takes inventory management to the next level by please visit: sw.aveva.com/asset-performance/asset-
identifying which spare parts are critical to overall asset strategy/aveva-asset-strategy-optimization
performance and business objectives. By combining all
available data with risk profiles, it allows you to strike
exactly the right balance in inventory management. It
allows you to determine minimum stock levels and uses
the Economic Order Quantity (EOQ) model to calculate the
most cost-efficient procurement options.