Chapter 8 - Asset Management

Abstract

The aim of Chapter 8 is to introduce the concept of asset management by including the asset integrity management, integrated logistics support programs. Asset management has the main objective of supporting assets to achieve high performance. Therefore different methods based on reliability engineering, risk management, human reliability, as well as life cycle cost must be performed in a different asset life cycle as defined by the asset management plan. The chapter also presents standards such as PAS 55 and ISO 5500 and additional references such as the KP3 asset integrity program and the concepts of JP 886 standards related to integrated logistic support. The chapter proposes the quantitative asset management evaluation methodology based on ISO 55000 and quality award methodology. To clarify the concepts, four different case studies related to asset management are presented. The first one describes asset integrity management during the design phase applied to a source asset. The second case study describes the recovery of sulfur plant asset integrity implementation during the predesign phase. The third case study describes the integrated logistics support program applied during the design phase for subsea assets. The fourth case study describes an asset management program applied to an integrated offshore system.