Industrial Problem & Engineering Investigation Report - Existing Assets, Physical Assets, GFMAM Asset - Management Assignment Help

Assignment Task - 

Assignment 2

In this assignment you are expected to implement and integrate what you have learnt in to an industrial problem.

There are three options.

Write this assignment like an engineering investigation report with a business case recommendation. The audience will be the director of engineering and general managers. The objective for option A is to present a business case for investment into improvement (with sound technical justifications) and for option B is the asset management plan for new assets/plant/production line. Option C involves conducting a maturity assessment and improvement plan according to GFMAM Landscape elements.

Reports requirement:

• The final report should be about 5000 words where appropriate, including pictures, figures, tables, diagrams, should be used.

Option A: Existing assets / plant / production line

You are a new task force formed to drive asset performance improvement in your company. You are tasked to optimise asset performance for the remaining life cycle of the asset by reviewing current operation, maintenance and asset management strategies, to identify and provide improvement action plan and business case for major loss of opportunity area. You can utilise what you have done in assignment 1 as a starting point for this assignment. You may need to perform an investigation into:

• Losses (downtime, loss in generation of power, unavailability for the operation, and services disruption to customers). Identify key losses area; AND/OR

• Work order history analysis, to identify plan versus unplanned maintenance cost. Identify high cost unplanned maintenance area. And discuss possible approach to address them by focusing into one or more areas listed below:

• Reliability Centered Maintenance – developing a strategy
• Risk
• Logistic Support
• Inventory
• Assets and Asset Information System
• Equipment Replacement, Reliability, Availability and Maintainability
• Maintenance Organisation and Budget

Option B: New asset(s) (this can be a new production line/site/major plant or capital project that yourcompany is establishing, or it can be a new business that operate complex physical assets)

You are the asset management team of a new production facility/site/major plant/equipment. You are required to develop the asset management plan for the life cycle of this new facility/site/major plant/equipment.

Some key areas you will need to consider (this is only a guide):

• Define business. Objectives and KPIs
• Describe major physical asset(s), their functions, physical properties
• Design/describe Plant layout, Process diagrams
• Apply methods such as FMECA, RCM and maintenance optimisation techniques.
• Prepare and determine critical spare list
• Review current maintenance strategies and intervals and suggest improvement (such as those recommended by the manufacturer). Or Develop new maintenance strategies
• Ensure required downtime for improvement projects and planned maintenance works are in line with enterprise production plan.
• Prepare a budget.

Option C: GFMAM Asset Management Landscape Maturity

Assessment This option requires you to:

• Conduct a maturity assessment based on GFMAM landscape elements.
• Decide on a maturity scoring mechanism – you can use those available on published documents (e.g. Institute of Asset Management approach) or develop your own.
• Apply your scoring mechanism, assess the gap within your business / operation

Based on your assessment, select two elements where a gap is identified, and develop a business case with detailed approach to meet the gap.

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