Today, about 80% of the total lifecycle costs are in the Operations and Maintenance (O&M) phase of the asset lifecycle. Yet, we know that the O&M cost is largely determined in the design stage. So why is it that the majority of reliability analyses (up to today) have been conducted on older assets? The reason is that reliability and maintenance were not considered seriously as part of the design phase. This thinking is changing, fast.
Watch this webinar to understand how you can change the future of reliability analysis at your company and ensure a comprehensive view of information relevant to managing your assets from the cradle to end of life.
- Learn how when designing systems, design for Totex – that is, the entire lifecycle of the asset to ensure operational readiness of the asset, you will reduce overall costs and improve performance through the operating life of the asset.
- To facilitate a reliability centered approach, a common data environment is an emerging best practice between reliability and engineering for rapid access of accurate information in context, when and where you need it, from asset design to commissioning, operations and maintenance, through to redesign, refurbishments and eventual decommissioning.
- Explore the key asset information needs to flow through the phases of the lifecycle. Learn the required elements and tools required for information flow within a common data environment from the designer’s desk to the commissioning engineers to the reliability engineer’s decision dashboard.
You can earn 1 Professional Development Hour (PDH) from Bentley Institute for attending this 1-hour event. To review/access your learning history/transcript, log in to your person portal. You may then use your online learning history/transcript to self-report learning to your organization, licensing board, or professional association as proof of your continued professional development to maintain your credentials. Please note that organizations’ requirements vary, and they make the ultimate decision about whether to accept Bentley Institute Professional Development Hours. We recommend you confirm your own board’s or association’s terms and conditions.