Written by Nicholas Kamuda
Bookmark and Share

Modern Enterprise Asset Management, or EAM, has quickly become a top priority for many global businesses. As the cost of owning and maintaining physical assets rises, it is becoming increasingly important to manage those assets in a way that both is cost effective and can maintain a business' high standards of service. And as assets become more complex and more automated, they become more inter-dependent, meaning that a single failure mode can possibly result in consequences for many different aspects of business.

Using EAM with RCM

Effective EAM practices can help organize a business' assets into a coherent system. When used in conjunction with RCM practices, EAM organizational strategies can help physical asset managers design and construct an efficient and reliable asset maintenance plan. EAM techniques help RCM practitioners form a complete view of a company's asset systems, allowing them to identify a clear cause and effect network.

When using RCM to devise a holistic maintenance strategy, managers must look at how the consequences of failure modes will affect other assets and operational systems. The potential cause of one failure mode may be an effect from a different failure mode, which in turn may be an effect or a failure mode itself. Since modern industrial machinery may have thousands of failure modes, it is easy to see how EAM organization can lend itself to RCM practice.

EAM strategies also lend themselves to other forms of analysis. RCFA, or Root Cause Failure Analysis, is a system that allows asset managers to identify the root of failures, with the aim of preventing them from becoming failure modes. FMEA, or Failure Mode and Effects Analysis, uses techniques similar to EAM to identify every possible effect from a failure mode and all of their subsequent consequences.

Bookmark and Share