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Conversion Gate02
Conversion Gate02
Asset Integrity
Ability of an asset to perform its function effectively and
efficiently though protection the health, safety and
environment.
PRINCIPLES AND ATTRIBUTES OF ASSET MANAGEMENT
Attributes Description
HOLISTIC Emphasizing the functional relation
among all departments of organization
SYSTEMATIC characterized the asset management in
an organized, consistent and planned
manner
SYSTEMIC Affecting the whole system rather than
optimizing individual asset separately
RISK – BASED: Prioritize the assets with respect to risk
(health and safety, environment and cost)
SUSTAINABLE Capable of being maintained over the life
cycle without Loss of containment
OPTIMAL Best value of asset under limits of
performance, cost and risk with relative
to other assets
INTEGRATED Interlinking of above attributes to
achieve successful Asset Management
KEY ELEMENTS OF ASSET INTEGRITY MANAGEMENT
TECHNICAL INTEGRITY
PLAN
ACT DO
CHECK
CONCLUSION
Organization can prevent the Piper Alpha and Deep-water Horizon GoM by establishing
and maintaining the integrity over life cycle of an asset with Organization Commitment,
Organizational Strategic Plans and Robust Asset Management System.
REFERENCES