APM Strategy, a Predix APM solution, provides a common methodology to develop and manage asset strategies by using a risk-based approach to conduct analysis of individual assets, a group of assets, or an asset system. By balancing risk, production goals, and resource investment, APM Strategy allows asset-intensive organizations to focus costs on the most critical assets—reducing maintenance and inventory costs, increasing availability and reliability, and moving away from reactive maintenance practices to a proactive approach.
Capabilities of APM Strategy
- Reliability centered maintenance (RCM): APM Strategy supports two robust methodologies for identifying potential failure modes. RCM, built upon the standard SAE JA1011, “Evaluation Criteria for Reliability Centered Maintenance Processes,” facilitates the development of strategies that will reduce the effects of functional failures from a system perspective, which may have a more significant impact on production and costs than simple mechanical failures.
- Failure mode and effects analysis (FMEA): FMEA provides a streamlined, asset-based alternative to the more comprehensive RCM approach. Analysts can identify failures and effects for each piece of equipment and then recommend actions to mitigate these failures. Unlike the RCM analysis, which focuses on preventing functional failures at the system level, the FMEA capability facilitates the identification and mitigation of the most critical failure modes defined at the equipment level.
- Strategy Manager: The strategy management capability provides a common methodology to define actions and their mitigated risks for any asset, providing the ability to evaluate existing plans with basic qualitative risk analysis that is both straightforward and easy to use.
- Strategy Library: Strategy library provides professionally designed asset strategy templates that include likely risks and recommended mitigating actions for more than 600 common equipment categories. Mitigating actions may include deployment of advanced predictive diagnostics (available through the APM Reliability solution) to detect and eliminate equipment failures.
- Lifecycle Cost Analysis: The lifecycle cost analysis capability can help asset owners understand “whole life” costs by capturing all relevant cost data associated with individual assets, groups of assets, or entire fleets. By making informed decisions like when to repair or when to replace, the performance of asset strategies can be optimized over the long term, therefore reducing costs for entire sites or fleets over a defined period of time.
- Criticality Analysis: Criticality analysis provides a standard process for assessing and managing the criticality of systems and associated assets. A risk assessment, using a risk matrix, defines the criticality for each system and related asset with respect to risk consequence categories. Criticality is a key driver for developing risk-focused strategies that ensure the right work gets done, at the right time and at the right cost.