Before you can successfully implement Asset Performance Management (APM) analysis or any reliability program, it is critical to have your assets well organized. Otherwise, it is difficult to compare asset data productively, your data may be less reliable, and your overall APM analysis will be less effective. While APM analysis can significantly benefit the reliability of your assets, if your equipment is not well categorized and the key components of your assets are not captured in your EAM system, you cannot derive all the value of your APM software investment.
The best practice for ensuring your equipment is correctly categorized is to use an international standard such as ISO 14224, RDS-PP, or KKS. This helps to ensure your asset data is accurate, consistent, and detailed. It also ensures your asset hierarchy is organized according to process or function.
Standards Ensure Accurate Asset Data
Your data needs to be accurate to support successful APM analysis. Implementing an international standard provides you with an opportunity to review the quality of your data. In addition, once the standard has been implemented, this helps you maintain consistent and accurate asset data in the future.
Standards Ensure Consistency in Your Asset Organization
An international standard provides criteria for how to organize assets and their locations in your asset hierarchy. This helps you maintain specific guidelines regarding what data is collected across your company and ensures that consistent and detailed reliability and maintenance data is collected for equipment in all your facilities during their operational lifecycle.
When Should You Implement an International Standard?
Taking the time to undertake a data quality improvement exercise is always beneficial. However, an EAM migration is ideal for enhancing your asset data and implement an international standard. Therefore, whenever you migrate data from one CMMS or EAM system to another and export the master data from the source systems, it is optimal for data improvement. It is very difficult to reorganize your asset hierarchy in a live operational system. Creating new locations and moving locations and assets around is much easier during an EAM migration.
Consider Implementing an International Standard
To prepare your asset data for APM analysis, it is critical to undertake a data quality improvement exercise to organize your assets adequately. Being able to load your asset data into a staging area, correct data quality issues efficiently, and implement a standardized system for classifying your asset data before an APM analysis is beneficial.
NRX AssetHub, powered by HubHead Corp., provides asset-intensive businesses with world-class software for visualizing, building, editing, organizing, governing, and sustaining high-quality asset and maintenance data for their EAM and CMMS systems. This allows companies to ensure their data is accurate before performing an EAM migration and avoids impacts to their work management, knowledge management, and maintenance costs. If you would like to learn more about our solution, book a demo, and our team would be happy to help you!
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