Track: Industry Practices and Solutions
Abstract
The adaptability of asset management plan to changes in production models is needed to improve competitiveness. This research outline a design of a criticality assessment tool with particular emphasis to a Fertiliser Manufacturing Company. The criticality assessment tool was developed as a framework based on the Analytical Hierarchical Process (AHP) which was used in the design of a computer application. The assessment tool was applied at the Company producing criticality scores and ranking for assets which had been presented in two hierarchical levels namely system and sub-system (12 System level assets and 142 sub system level assets). The results produced by the assessment tool where consistent with the perceived top 10 critical assets as determined by 24 subject matter experts (SME) within the organization. The results allowed the Company to priorities its critical assets and come up with strategies for each asset which was previously difficult to achieve. The tool enable the prioritization of assets in line with the business objective as stipulated in the asset management system standard (ISO 55001).
Keywords: Asset Criticality, Analytical Hierarchical Process (AHP), ISO 55001, Asset Management
The adaptability of asset management plan to changes in production models is needed to improve competitiveness. This research outline a design of a criticality assessment tool with particular emphasis to a Fertiliser Manufacturing Company. The criticality assessment tool was developed as a framework based on the Analytical Hierarchical Process (AHP) which was used in the design of a computer application. The assessment tool was applied at the Company producing criticality scores and ranking for assets which had been presented in two hierarchical levels namely system and sub-system (12 System level assets and 142 sub system level assets). The results produced by the assessment tool where consistent with the perceived top 10 critical assets as determined by 24 subject matter experts (SME) within the organization. The results allowed the Company to priorities its critical assets and come up with strategies for each asset which was previously difficult to achieve. The tool enable the prioritization of assets in line with the business objective as stipulated in the asset management system standard (ISO 55001).
Keywords: Asset Criticality, Analytical Hierarchical Process (AHP), ISO 55001, Asset Management