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Asset Management & Reliability Services

What is reliability and asset management?

Reliability and asset management ensure equipment and systems work efficiently over their lifecycle. Reliability focuses on minimizing failures and downtime, while asset management optimizes performance, extends lifespan, and reduces risks and costs.

What is called asset management?

Asset management is the process of efficiently managing and maintaining assets, such as equipment or infrastructure, to optimize performance, extend lifespan, and reduce costs and risks.

Our asset management objective is to:

  • Prevent breakdowns or failures of equipment or processes.
  • Maximize the reliability and useful life of equipment or systems as a whole.
  • Maximize the performance and minimize the breakdown frequency of equipment.
  • Keep equipment safe and prevent any hazards.

Risk-Based Inspection (RBI)

Risk-based inspection helps our customers to reduce risks and improve asset safety and reliability. Our RBI service enables you to balance inspection costs and risk by using appropriate inspection and maintenance planning

Our RBI Approach:

  • Analyze the likelihood and consequences of failure.
  • Comply with Industry Standards.
  • Develop a cost-effective inspection and maintenance program.
  • Ensure mechanical integrity and reliability.
  • Prioritize your inspection and maintenance resources with those with the highest risk.

Our RBI services include:

  • Development of a corrosion management plan
  • Determination of the remaining lifetime of your assets
  • Gap analysis
  • Identification of appropriate inspection intervals
  • Specification of risk ranking level
  • Determination of the risk acceptance level
  • Specification of the necessary inspection and maintenance tasks

Reliability, Availability, and Maintainability (RAM) Studies

Elixir Engineering is pleased to offer RAM studies to companies requiring an assessment of their system as a way of optimizing their system’s operational performance.

RAM studies are used as a way of assessing a production system’s capabilities, both in operation and those still in the design phase. As facilities and plants are being used for a longer period of time, a reliability, availability, and maintainability study is able to provide an assessment of the assets lifetime capabilities and enable businesses to maximize their return on investment.

A RAM Study can be shown to be broken up into three separate areas:

  • Reliability Services: Predicting the probability in which a system will not experience an unplanned outage;
  • Availability Services: predicting the probability in which the system is working in a functioning state when required, including both planned and unplanned outages;
  • Maintainability Services: Predicting the probability in which a product or system can be repaired following a failure within a specific time frame.

With the combination of these three services combined into one study, ESC is able to offer a RAM study that models the predicted production capabilities of a facility.

The benefits of undertaking a RAM study include:

  • A reduction in the maintenance and sparing costs while maintaining and/or increasing production levels;
  • A decrease in the duration of any unplanned and planned outages;
  • Optimization of capital investment by reducing the cost of production;
  • Optimization of capital improvement options at the plant and enterprise levels when improved budgets are constrained;
  • Accurate forecasts of equipment lifecycle costs that reflect the equipment age, duty cycle, and maintenance effectiveness;
  • Alignment of maintenance resources based on the criticality of equipment to production revenue

Elixir Engineering has a number of reliability consultants that have worked on an extensive range of projects across a number of industries. In choosing Elixir Engineering to conduct your RAM Studies, our specialist RAM Studies Consultants are able to:

  • Produce a RAM study customized based on the needs and requirements of the client;
  • Identify potential critical pieces of equipment;
  • Identify the equipment that has the highest risk of causing operational failures;
  • Identify possible causes of production losses and examine the possible alternatives to overcome them;
  • Produce reliability block diagrams (RBDs). 
  • Produce a RAM study based on different system configurations;
  • Produce recommendations on how to improve the system availability;
  • Produce a record of the RAM Study in the form of a formal report, detailing an overview of the RAM Study, including any assumptions made as well as the findings as part of the study.

As well as offering RAM Studies, Cost Benefit Analysis (CBA) is done if needed as part of the RAM Study.

Reliability-Centered Maintenance (RCM)

Reliability-Centered Maintenance (RCM) is an approach towards asset maintenance that determines how to maintain equipment safely and economically. With the RCM technique, we identify which scheduled maintenance tasks need to be assigned to equipment and at what frequency. It helps us to employ preventive maintenance (PM), predictive maintenance, and proactive maintenance techniques in an integrated manner. This increases the probability that a machine or component will function in the required manner with the minimum required maintenance. Hence, we understand RCM is a key technique to define a maintenance strategy that leads to optimal asset performance.

Our approach towards RCM Implementation:

  • Prepare for the Analysis:

We make sure that all members of the analysis team understand and accept the rules and conditions of the analysis, like the scope of the analysis, gathering and reviewing relevant documentation, etc.

  • Select the Equipment to Be Analyzed:

Since RCM analysis requires an investment of time and resources, the organization may wish to focus analysis on selected pieces of equipment. Hence, we select the equipment to be analyzed based on standard methods like selection questions and criticality factors.

  • Identify Functions and Potential Functional Failures:

Our objective for maintenance activities is focused toward preserving equipment functionality. Therefore, we first identify the functions that the equipment is intended to perform. Then, equipment functional descriptions are referred to in order to identify potential functional failures. This may include failure to perform a function, poor performance of a function, over-performance of a function, performing an unintended function, etc.

  • Identify and evaluate the causes and effects of failure.

This step helps us to prioritize and choose the appropriate maintenance strategy while addressing a potential failure.

  • Identify Causes of Failure:

The cause of failure represents the specific cause of the functional failure and helps us to apply a maintenance strategy to address the potential failure.

  • Select Maintenance Tasks:

Once we have identified the functions that the equipment is intended to perform and the ways that it might fail to perform, the next step is to define the appropriate maintenance strategy for the equipment. Our RCM analysis team’s decision of which strategy to employ for each potential failure is based on judgment/experience, a pre-defined logic diagram, cost comparisons, and a combination of other important factors.

  • Maintenance Plan:

Once the appropriate schedule maintenance tasks have been identified, the final step is to package them into a workable maintenance plan. This involves majorly scheduling preventive maintenance plans effectively and efficiently.

Key techniques used for RCM:

  • Root Cause Analysis (RCA)
  • Failure Mode and Effects Analysis (FMEA)

This helps our customer achieve:

  • Maximized equipment availability, equipment reliability, increased cost effectiveness, reduced repair time

Asset Data Management

Elixir Engineering has the capability to carry out asset data management for various plant assets and has completed many asset management projects for various operating companies within GCC, covering the following:

  • New Asset Registration
    • Collect maintainable tag numbers from engineering drawings. 
    • Preparation of Asset Register and Asset Hierarchy Tree 
    • Maintenance Craft Procedure for each item as per equipment criticality 
    • Uploading asset data into the SAP/Oracle database.
  • Physical data verification
    • Existing asset data verification with respective drawings (PEFS, SLDs)
    • Physical verification of tags at site
    • Resolve data inconsistencies, correct the data, and upload it into the system.
  • Maintenance Management
    • Identify maintenance activities based on equipment manufacturer recommendations.
    • Define maintenance frequency, including step-by-step instructions. 
    • Maintenance Task List
    • Preparation of Maintenance Routing 
    • Preparation of Maintenance Plans
  • Spare parts management
    • Obtain BOM details from vendors (based on catalog) in standard format templates or spreadsheets. 
    • Compile data and check parts along with the OEM manual. 
    • Review spare parts with part list drawings/BOM for each item. 
    • Category the spare parts

Root Cause Failure Analysis (RCA)

When the equipment does not function as per the specifications or undergoes breakdown, it is very important to identify what the root cause of the problem is. We see it as a critical factor since an accurate root cause failure analysis acts as a key input for reliability-centered maintenance (RCM).

Our Approach towards RCA:

  • Collecting accurate information and data that helps in detail understanding of the problem
  • Identifies the root cause of the stated problem.
  • Developing a feasible solution for the identified problem
  • Analyze and monitor the measures taken to address the problem and verify if it is fully addressed.

Equipment Criticality Analysis (ECA)

An equipment critical analysis (ECA) is used to determine when equipment needs to be inspected or maintained based on priority. ECA, as per criticality rating, brings into account preventive and predictive maintenance that allows planning managers to determine which work orders need immediate attention and which can be rescheduled for a future. ECA also helps to determine the right quantity of spare parts required at the right time.

With appropriate analysis of ECA, we ensure availability of critical equipment with minimum downtime.

Our Approach:

We develop a criticality model that defines the degree of criticality of particular equipment. Our analysis process takes into account downtime, safety, environmental issues, quality, failure, failure history, and other factors related to operational processes.

Steps involved while performing ECA are:

  • Review equipment hierarchy
  • Analyze in-depth the risks associated with each equipment failure.
  • Develop the risk matrix to be used.

Failure Modes and Effects Analysis (FMEA

Our team of experts follows the rigorous process to identify the reason for failure and deliver the most suitable solution for reliable assets.

Our Approach towards FMEA Service:

  • Identify components/equipment and associated functions
  • Identify complete failures, partial failures, and failures over time.
  • Identify incorrect operation; premature operation
  • Identify failure to stop functioning at the desired time.
  • Identify failure to function at desired time.
  • Identify the effects due to identified failure modes.
  • Determine the severity of the failure.
  • Identify the root cause of the failure mode.
  • Determine the frequency of failure occurrence.
  • Identify controls: Identify the suitable mechanism to prevent the cause of the failure mode to either eliminate or reduce the failure to minimal
  • Determine the effectiveness of the controls identified.
  • Determine the actions to be implemented and its target of application.

Shutdown / Turnaround Optimization

Shutdown is scheduled plant maintenance for an extended period of time. We get into the minute details of the processes and equipment, which is difficult to look into during standard operation time. With a well-managed STO process, we enhance the safety performance, integrity, reliability, maintenance cost, and efficiency of operations.

Our STO Approach:

  • Shutdown Work Identification:
    • Number of failures
    • Root causes of those failures
    • Maintenance costs associated with those failures
    • HSE issues associated with those failures
  • Shutdown Work Planning:

Planning is done to streamline task allocations, determine job procedures, identify labor requirements, and determine the budgets.

  • Shutdown work scheduling:

In scheduling, we focus on “just in time” delivery of spare parts, technical labor, and data availability.

  • Shutdown Maintenance Cost Control:

Shutdown Maintenance costs are determined by maintenance activities. Actual cost thus calculated is compared to budgeted cost, and then the work process is planned accordingly.

  • Historical Maintenance Data Analysis:

The historical data provides us with the equipment’s date of purchase, last maintenance scheduled, history of usage, spares quality, and other minute details, which helps us to do the analysis for critical works to be accomplished

  • Shutdown Work Execution:

We make sure that work execution is done by our subject matter experts, and each minute details are monitored continuously during the complete execution phase of a shutdown.

  • Shutdown Work Difficulty Recording:

We keep a record of all the problems faced during shutdown work execution for the useful planning of the next shutdown.

Elixir Engineering

Elixir Engineering is a multi-disciplinary Engineering services company.
With our strong technical team, we have proven to be effective for our Clients.
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