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What is the best way to identify key assets in Maximo? This is not related to the impact of the asset /location .

  • 1.  What is the best way to identify key assets in Maximo? This is not related to the impact of the asset /location .

    Posted 20 days ago
    What is the best way to identify key assets in Maximo? This is not related to the impact of the asset /location .

    This is related to what is a key piece of equipmne that may shut down your operation.
    #Administration

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    arlene lewis
    Alkermes
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  • 2.  RE: What is the best way to identify key assets in Maximo? This is not related to the impact of the asset /location .

    Solution Provider
    Posted 19 days ago
    Arlene,

    I've used several methods, most involved an extra YORN attribute such as 'Critical Asset' on the Asset object that carries over to work order. From that, you can configure a color change to red or sort those to the top of list tabs, etc. You may or may not want to apply any the conditional formatting to only corrective maintenance.

    Personally, I'm a fan the built-in Asset/Location Priority field already on the Asset record.  Build a domain (no more than ~5 values) then apply your conditional formatting to that.

    Another, more 'sophisticated' option is to use the available built in Work Priority calculation - this little-known feature is set up in the Assignment Manager application. It combines asset and work order priorities to calculate an overall Work Priority (you'll need to expose WORKORDER.CALCPRIORITY on your favored work order apps). You can even give extra weight to the asset priority with a calculation such as (WO priority + 2 x Asset priority)

    Good luck!

    Mack

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    Mack Parrott
    Projetech Inc.
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  • 3.  RE: What is the best way to identify key assets in Maximo? This is not related to the impact of the asset /location .

    Posted 19 days ago
    To me, the most simple is usually the best.  Use the priority field that is available on the asset.  I would like this renamed personally to "Criticallity" as that better expresses the intent of what you putting.  Then it works well with the calculated field, a most sad and forgetten field.  But if your not allocating work based on the calculated priority, it doesn't matter.

    Now that said, if you've got critical plant, then it makes sense to get Maximo to excited and let you know, so you can take the appropriate action as Mark has said.  There are a number of ways from changing the background colour, using escalations, using result sets, using colour-banding on the list tab, and more.

    I'd like to ask you, what is the difference between key asset and the impact of an asset?  To me a key asset is one that has the most impact if it goes down.

    For example, you have one outfeed table that supports two production lines (not the best, but this is an example).  The priority (criticality) of the outfeed is 1 (high) whereas the production line is 2 (med).  Why the difference?  Simple, there is only one production line operating at any time and production can be swapped over to the other automatically, but if the outfeed fails, then, well...your stuffed until it's fixed.  So how much product, quality, time, etc...

    How do you set your criticality?

    If you are going to use the calculated field at all, please understand how it operates and the options that can be set to calculation.

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    Craig Kokay
    ISW
    Maximo Practice Manager
    eMail: ckokay@isw.net.au
    Phone: +61-411-682-040

    IBM Champion 2021
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  • 4.  RE: What is the best way to identify key assets in Maximo? This is not related to the impact of the asset /location .

    Solution Provider
    Posted 16 days ago

    Good morning, Arlene - 

    You mentioned "key" as a piece of equipment that may shut down the operation. In most plants this could be almost any asset where there is not redundancy. So, first you will need to define "key asset" and "operation".  What does operation really mean? Is it any operation on the property or only specific ones?

    In regulated industries such as yours, you may need to use multiple fields to get the result that will help maintain your business.

    If this definition is singular a simple YorN field can be used for identification.  If the definition has multiple results, then it is not as straight forward.  For example, key could have different meaning and relationships just as critical can relate to safety, product or environmental. All being important to business and related but may need separation to derive the result you want. Also, if using multiple selections, I recommend making sure they are analytically quantifiable.  Using phrases like Critical, More Critical, Less Critical, Non-Critical are subjective and can become meaningless. 
    Once you have your definition, you can then determine any user requirements, such as if this is related only to GMP activities and if you want this data to drive functionality in your system.

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    Mark Jackson
    Genesis Solutions

    mjackson@genesissolutions.com
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    Mark Jackson
    Genesis Technology Solutions, Inc.
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