Asset Management

Creating the foundations for performance excellence

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The Global Maintenance Manager Survey 2023 is NOW LIVE

Implement a fully optimized asset management strategy to assure safety, enhance production and unlock business efficiencies.

From design through to operations, maintenance and decommissioning, Add Energy’s Asset Management Consultants can advise and implement a best-in-class asset management strategy to meet your business objectives in the most efficient and effective way possible.

Gain access to asset management solutions that are guaranteed to:

Protect your people, plant, and the environment

Through the implementation of a best-in-class asset management strategy, aligned to the international ISO 55000 standard to minimize your exposure to risk or incident

Minimize plant and equipment downtime

By exposing projected risk profiles, we integrate asset management tactics into your strategy to minimize equipment outage and plant downtime

Optimize capital and operational expenditure

Identify opportunities to save money by implementing proven operations and maintenance excellence techniques into your asset management strategy

Assure master data excellence and management of change

Develop and maintain the master data quality, consistency and structure you need to run your plant effectively and make informed business decisions

How we can help across the lifecycle of an asset

Asset design

Asset management strategy creation and advice
Maintenance philosophy creation
Master data governance creation
Safety integrity management assurance framework creation
CMMS/EAM or ERP review and selection
Repair and spare philosophy/decision criteria workshop facilitation and creation
Equipment criticality selection matrix and criteria creation
Operational readiness and assurance support
Reliability, Availability and Maintainability (RAM) Modelling
Safety Case development and alignment with operational status

Asset operations and maintenance

3^rd party asset management strategy audit
Asset management strategy optimization
Safety integrity management assurance framework optimization
Maintenance philosophy review and optimization
Equipment maintenance strategy development and optimization
Master data build within the CMMS/EAM or ERP environment (asset register, criticality, maintenance and spares)
Work management process creation and optimization
Operations and maintenance management training
Asset management training
Inventory management optimization
Safety Case development and alignment with operational status

Asset acquisition and mergers

3^rd party asset management audit for valuation exercises
CMMS/EAM or ERP data migration and transformation (asset register, criticality, maintenance and spares)
Asset management strategy alignment
Equipment maintenance strategy development and optimization
Safety integrity management assurance framework optimization
Work management process review and optimization
Operations and maintenance management training
Asset management training
Inventory management optimization
Safety Case development and alignment with operational status

Decommissioning and disposal

Development of a maintenance optimization roadmap for your decommissioning project
Identification and update safety critical maintenance, materials and inspection management tactics required throughout the decommissioning process
Removal, rationalization or update of maintenance work orders in the CMMS, EAM or ERP as equipment is taken offline
Identification of cost saving opportunities for key phases of your decommissioning project
Technical and legislative advice and guidance throughout the process
Recycle, reselling and disposal of spare parts and equipment
Safety Case development and alignment with operational status

Asset life extension

3^rd party asset life extension audit and implementation strategy advice
Equipment vulnerability analysis and advice
Equipment reliability and performance improvement analysis
Obsolescence identification and management
Safety integrity management assurance framework optimization
Inventory management optimization
Safety Case development and alignment with operational status

Asset Performance Diagnostics

Repair and Spares Workshops
Operational Excellence Audits and Enhancement Programmes
Business Performance Improvement Programmes
Maintenance Benchmarking and Optimization Roadmaps
Uptime Improvement Studies and Implementation Plans
Change Management Programmes
CMMS Data Analysis and Enrichment Plans
Spares and Inventory Audits
Business KPI Development and Dashboard Creation
Root Cause Analysis
Capital and OPEX Investment Review and Advice
Analytics and Data Science
Bespoke Software Solutions

“Tapping into expert experience to identify the most logical, streamlined and efficient asset management tactics is key to creating a productive maintenance management regime.”

Asset Manager, Oil and Gas Operator, ASPAC

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Key contacts

Afia McClenaghan

AIM Canada Regional Lead

The Americas

afia.mcclenaghan@addenergy.no

Peter Adam

ABL Group MD - Asset and Integrity Management

peter.adam@addenergy.no

Jennifer Bellacosa

AIM USA Regional Lead

The Americas

jennifer.bellacosa@addenergy.no

How can we help?

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If you'd like to learn more about our range of asset and integrity management services, or want to discuss your project with us, please get in touch by completing the form below...

Case studies

Project Showcase

Strategic Asset Management and Operational Expenditure plan development

To develop a Strategic Asset Management Plan (SAMP) and Operational Expenditure (OPEX) plan that assures the financial and asset integrity of solar-based microgrids over their 25 year lifecycle.

Project Showcase

CMMS Build and BoM Development Project for a Major Oil and Gas Operator

A case study with the overall objective to develop a comprehensive asset register, implement optimized maintenance plans with Performance Standards for all maintainable equipment, and develop accurate and reliable BoM data in the CMMS

Project Showcase

CMMS Data Transition and Quality Assessment

A case study with the project goal to source a new “fit for purpose” CMMS and migrate all existing data to the new platform ensuring no impact on the client’s maintenance schedule

Project Showcase

FMEA development and facilitation for safety and production critical equipment using our proprietary Effio™ software

A case study with the project goal to develop preventative maintenance tasks for production and safety critical assets using Failure Modes Effects Analysis (FMEA) as a mechanism to identify the assets true criticality and the suitable maintenance required to mitigate known failures

View all

Asset and Integrity Management Blog

10 May 2023

How to choose the best maintenance strategy for you

Following a maintenance strategy is a crucial component of optimizing performance and maximizing production in any business. Failing to conduct proper maintenance can lead to inefficiencies, breakdowns and unexpected downtime - all of which can cost a business significant amounts of money.

28 Apr 2023

The top asset integrity management challenges, and how to overcome them

Asset integrity management (AIM) is the process of ensuring that an organisation’s physical assets and people are operating as intended and are fit for purpose. This includes both the maintenance and upkeep of any assets, along with the identification of any risks that may impact their performance.

25 Apr 2023

Ask the Expert: Helping operations & maintenance teams overcome their biggest challenges, with Jennifer Bellacosa

Based in Houston, Texas, Add Energy’s Managing Director for the US Asset & Integrity Management division, Jennifer Bellacosa, has developed a strong passion and depth of knowledge of the challenges facing operations & maintenance (O&M) teams across various sectors, resulting in a wealth of expertise in how to overcome these problems. From CMMS migrations and data analysis, to spare parts management and maintenance strategies, Jennifer is dedicated to taking the time to understand our customers and help them find the best solutions for the challenges they’re facing.

25 Apr 2023

Why is asset integrity management important? The 5 major benefits

Asset integrity management (AIM) is the term that describes the practice of visualising and managing assets to ensure they’re performing their required functions, safely, effectively and efficiently throughout their lifetime and potentially for an extended lifetime if the right data has been collected.

24 Apr 2023

The top 3 issues caused by a poor asset register, and how to overcome them

A company’s asset register is incredibly important, but it’s often an overlooked source of data when considering the opportunities to optimize the efficiency of a facility.

In this blog post, we share common issues that result from a poor asset register, and provide actionable advice on how to overcome them in your own business.

20 Apr 2023

Materials management during mergers and acquisitions: 5 key factors to consider

Mergers and acquisitions can present a number of challenges across all areas of the two businesses as they embark on the huge change of becoming a single entity. There are so many important decisions to be made in order to effectively streamline operations, production, systems and people.

06 Apr 2023

Maintenance during mergers and acquisitions: The challenges and solutions

The journey towards two companies becoming one single entity can be extremely challenging and stressful, with so many important considerations and decisions to be made to effectively streamline operations, systems, people and so much more.

27 Feb 2023

6 steps to master asset data collection, validation and enrichment

On Thursday 9th February, Add Energy hosted a free webinar on the what, why and how of master asset data collection, validation and enrichment, in order to help attendees mitigate against common challenges and pitfalls.

The webinar was held in response to Add Energy’s 2022 Maintenance Manager report, where one third of more than 400 professionals who took part in the study identified CMMS data quality and usage as one of the biggest challenges they currently face.