Maintenance Delivery and Asset Operations

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Version 1, April 2019

The delivery of effective maintenance is a key element in ensuring the reliability of an asset through its lifecycle with optimal use of resources. The amount and type of maintenance and maintenance support depends on the asset needs, the nature of the maintainable item, its condition, its required availability and a range of other factors. As these components change over time, the level and type of maintenance support must be adjusted.

Accordingly selecting and applying the appropriate Maintenance Strategies is essential to optimise the availability of the asset and its business objective. It is also recognised that there will be a degree of emergent work will arise in operations. This emergent work will require those responsible in maintenance to make a suitable diagnosis and determine the most appropriate action, based on criticality with consideration to factors such as business priority, Health and Safety, Cost, availability of resources.

Asset operations is defined as the day-to-day activities to ensure value is delivered from your asset(s). These activities will focus on the varying demands placed on the assets and will vary based on industry and organisation context.

Historically asset operations were focused on delivery of the end product and/or service, with minimal consideration to the interrelationship between maintenance, skills and competency, business longerterm objectives and process optimisation. As industry has developed and with the advent of the ISO55000 group of standards, more focus has been placed on asset operations and its interaction with other key business elements. This document highlights a range of elements which should be considered during the asset operations phase, and their importance to the overall asset management process.