Optimizing Asset Performance with GE Digital APM

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Optimizing Asset Performance with GE Digital APM

Introduction to APM Strategy

GE Digital APM's Asset Performance Management (APM) offers a comprehensive solution through Asset Strategies. This component aids users in prioritizing asset strategy investments based on criticality, risk assessment, and operational context. By leveraging APM Strategy tools, organizations can enhance asset performance, reduce unplanned failures, and elevate overall safety standards. A key feature of APM Strategy is its ability to establish a sustainable continuous improvement cycle for managing and enhancing asset strategies.

Key Processes in APM Strategy

The key operational processes within APM Strategy include assessing asset criticality, identifying risks, optimizing mitigation strategies, managing asset strategies, and driving corrective actions for continuous improvement. By following these processes, organizations can effectively allocate resources, enhance asset performance, and ensure compliance with industry standards such as ISO 55000.

Benefits of Asset Strategy Management

Implementing APM Strategy can lead to various beneficial outcomes. These include a reduction in unplanned downtime, increased asset availability through critical asset monitoring, early detection of potential issues to prevent costly emergency repairs, optimization of spare parts inventory, improvement in workforce productivity and safety, extension of asset life, and ultimately, better Return on Assets (ROA). Additionally, APM Strategy facilitates compliance with ISO 55000 standards, ensuring organizations adhere to industry regulations and best practices.

Key Features and Tools in APM Strategy

GE Digital APM's Asset Strategies offer a range of tools and features to optimize asset management. These include Reliability Centered Maintenance (RCM) for system-level failure reduction, Failure Modes And Effects Analysis (FMEA) for equipment-level risk assessment, Asset Strategy Management (ASM) for qualitative risk analysis, Asset Strategy Optimization (ASO) for advanced quantitative modelling, and Asset Strategy Implementation (ASI) for implementing maintenance plans within SAP systems. Each of these tools plays a crucial role in enhancing asset performance and mitigating risks effectively.

Asset Strategy Accelerators

Asset Strategy Accelerators are pre-defined templates that contain known failure modes and mitigation strategies for specific asset types. These accelerators streamline strategy development and deployment, standardize best practices across enterprises, and significantly reduce the time and resources required for strategy configuration. With over 860 maintenance templates available, including those for Balance of Plant (BoP) assets, Asset Strategy Accelerators enhance operational efficiency, accelerate time to value, and ensure organizations benefit from embedded expertise and domain knowledge.

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Streamlining Asset Integrity Management with GE Digital APM Mechanical Integrity Solution

Introduction to APM Mechanical Integrity

GE Digital APM Mechanical Integrity, a part of the Asset Performance Management suite, offers organizations a comprehensive set of tools to establish a closed-loop mechanical integrity program. This solution enables users to prioritize equipment based on risk using globally recognized methodologies such as RBI 580 and 581. It also allows for the detection of compliance gaps, automation of time-based inspection planning, storage of thickness readings, detailed corrosion analysis, and the establishment of IOW monitoring policies for process excursions. By integrating mechanical integrity and inspection initiatives across the enterprise, organizations can enhance operational efficiency and ensure regulatory compliance.

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Unleashing the Future of Asset Performance Management with GE Digital APM

Revolutionizing Asset Performance Management

GE Digital APM, available on-demand, offers a groundbreaking showcase webinar that delves deep into the cutting-edge trends and innovations in Asset Performance Management (APM) software. This exclusive webinar provides a unique opportunity to explore the exceptional approach of GE Vernova in driving APM innovation forward. By watching the webinar, viewers can gain valuable insights into technology advancements like predictive analytics and artificial intelligence (AI) that are poised to revolutionize the future of asset performance optimization. Furthermore, the webinar sheds light on the crucial role of generative AI in shaping the future trajectory of APM solutions.

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Enhancing Process Safety Management with GE Digital APM

Introduction to APM Safety

GE Digital APM process safety management solution, known as APM Safety, is a powerful tool designed to aid users in identifying and mitigating process safety hazards, managing critical safety instrumentation, and supporting equipment and process changes that can enhance safety measures in asset-intensive facilities. By using APM Safety, users are able to align safety lifecycle management initiatives with corporate asset hierarchy, Enterprise Asset Management (EAM), and APM programs, thereby improving operational efficiency.

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Enhancing Asset Performance with GE Digital APM Health

Digitizing Condition-Based Maintenance Programs

GE Digital APM Health, part of the Asset Performance Management (APM) software suite, offers a comprehensive solution for digitizing and managing condition-based maintenance programs. By unifying, standardizing, and measuring these programs, APM Health ensures optimized asset performance and increased operational efficiency. Users can access real-time asset health and condition status, gain visibility into asset performance, receive early warnings of potential failures, and monitor operator rounds at scale. The integration with Enterprise Asset Management (EAM) systems allows for seamless work recommendations and deployment of asset health management best practices.

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