Knowledge
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Enhancing RAM Analysis with Bayesian Inferencing
Understanding how a system will perform throughout its life cycle is essential when designing, operating, or improving critical infrastructure. Traditional approaches to Reliability, Availability and Maintainability (RAM) analysis rely heavily on historical data or generic library values—methods that can fall short when modelling new or complex systems. At Covaris, we have developed an enhanced RAM…
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Asset Management in Healthcare Facilities Optimising Lifecycle Cost Forecasting and Ensuring Regulatory Compliance
Covaris Pty Ltd’s Dr. S. Safi presents Covaris’ approach to asset management in healthcare facilities, focusing on accurate lifecycle cost forecasting and robust compliance with statutory maintenance obligations. This study introduces a bottom-up Asset Lifecycle and Maintenance Cost Model, leveraging detailed asset registers to forecast preventive and corrective maintenance, asset replacement, refurbishment, and remediation of…
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Generating Business Value Through an Optimised Asset Management Methodology
How does an entity get a clear view as to where they sit in terms of maturity to the ISO 55001 Asset Management Standard? There is an underlying vulnerability for entities not understanding two key elements associated with Asset Management: The first step in addressing these questions if your answer is “I don’t know”, is…
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Productivity Growth in the Age of Digitalisation
Our assets are established, operated and maintained by people and their productivity represents the single greatest barrier to realising maximum value out of this investment as well as the greatest opportunity to increase value derived from their utilisation. Productivity is enhanced by knowledge as well as the attitude of the people: their knowledge to deliver…
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IHEA Healthcare Facilities Management Conference 2017 – Common Approach For Asset Management And Statutory Obligations
Paper By: Dr Seyed Safi and Mr Michael Leversha This paper was presented at the IHEA Healthcare Facilities Management Conference 2017 Summary This paper describes the processes that assure asset management compliance with statutory requirements for maintenance delivery. The work involved the efficient upgrade of the asset management system from initial asset validation to a final…
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Realizing Commercial Value From ISO55001 Aligned Asset Management
Article By: Dr Robin (Bob) Platfoot This article was published in Uptime® Magazine – August – September 2017 This article demonstrates the commercial value for an organization improving its entire enterprise asset management approach in line with the ISO55001 standard. An organization implementing ISO55001 must first come to terms with clear asset management objectives, a planning process that…