Quality Inputs & Assessments
Process tasks/inputs
In completing an ORDM analysis on an asset component, we are completing a small part of a strategy for the asset, which is a small part of the strategy for the asset system or facility.
As such we need to consider the quality of the inputs required and the information system that will hold the data required.
By judging the quality of these elements we can assess the quality of the results.
It is vital that we store data on these ORDM projects in such a way as to enable review and reassessment at a later date.
Where ORDM software is involved it should be linked to the organization's asset register using the unique asset number.
In the case of hard copy it is vital that the organization set up some suitable forms to store this data.
It is vital that the ORDM completed are subjected to an appropriate form of quality review. This should be a mix of peer and independent review.
As with many ORDMs and their subsequent TAMP they are often reviewed by the corporate body or executive. To be successful we not only must complete a thorough analysis but also need to sell it adequately.
The presentation needs to hit the "hot spots" with the client or executive group. The quality assessment sheet below should be used to assess a trial presentation of the analysis team, before presenting to the executive.
ORDM – Process Task List / Inputs
No. | ACTIVITIES / TASKS | ROLES and
PROCESSES | INFORMATION SYSTEMS
INVOLVED |
1 | Knowledge of Current Asset Stock | Asset Management Operations & Maintenance | Asset registers
MMS SCADA GIS ETC. |
2 | Assess Current Asset Condition/ Performance Histories | Asset Management Operations & Maintenance | Asset registers
MMS SCADA GIS ETC. |
3 | Complete predictive modeling activities* (Future assessments) | Strategic Planning | Specialist Life Cycle Module |
4 | Identify asset failure modes* (past and future) | FMECA/RCM Techniques | FMECA RCM Module |
5 | Identify causes of failure | . | . |
6 | Assess the probability of failure* | . | . |
7 | Assess consequences (effects) of failure | Risk Assessment & Management | Risk Module |
8 | Cost the consequences of failure* (direct & indirect costs, Present & Future) | . | . |
9 | Determine the business risk cost exposure (present and future) | . | . |
10 | Complete filtering process to identify key risk exposure assets* | . | . |
11 | Identify the treatment options available to reduce their impact of the failure | . | . |
. | (All Asset and Non Asset Options) | ORDM Techniques | ORDM Module |
12 | Determining the potential benefits derived by each treatment option* | . | . |
13 | Evaluate most effective option for organizations business environment using ORDM and economic evaluation techniques | Economic Evaluation Investment Analysis | NPV Module |
14 | Determining optimal works program and include in TAMP | TAMP Production | All Systems |
15 | Rationalize to suit available budget | Rationalization | Budget Rationalization Module |
* Denotes other opportunities for filtering by using cost benefit approaches |
ORDM – Sample Summary Report
SUMMARY REPORT | _________ | FACILITY CODE | ___________ |
POWER SCHEME | _________ | |
ASSET DESCRIPTION | _________ | |
COMPONENT | _________ | |
FAILURE MODES | _________ | |
| | SAVINGS / RISK REDUCTIONS |
Treatment Options | Cost of Option | Direct Repair Costs | Non HEC Property | Environ
mental Damage | Safety, Public & HEC | Lost Energy | TOTALS |
Do Nothing | . | . | . | . | . | . | . |
Create New | . | . | . | . | . | . | . |
Improve Existing | . | . | . | . | . | . | . |
Operate Differently | . | . | . | . | . | . | . |
Maintain Differently | . | . | . | . | . | . | . |
Rehabilitate 1 | . | . | . | . | . | . | . |
Rehabilitate 2 | . | . | . | . | . | . | . |
Rehabilitate 3 | . | . | . | . | . | . | . |
Replacement | . | . | . | . | . | . | . |
Dispose | . | . | . | . | . | . | . |
Manage | . | . | . | . | . | . | . |
Recommendations: |
Long Term Strategy (LCC) | . | . | . | . | . | . | . |
(List Options) | . | . | . | . | . | . | . |
Short Term Strategy | . | . | . | . | . | . | . |
(List Options) | . | . | . | . | . | . | . |
ALL COST/SAVINGS SHOWN AS NPVs AT 12% DISCOUNT RATE |
ORDM Completed Summary Report
POWER SCHEME | Tungatinah | FACILITY CODE | TUWP03 to 7 |
ASSET DESCRIPTION | Penstocks | |
COMPONENT | Expansion Joints | |
FAILURE MODES | Seal | |
| | SAVINGS / RISK REDUCTIONS |
Treatment Options | Cost of Option | Direct Repair Costs | Non HEC Property | Environ
mental Damage | Safety, Public & HEC | Lost Energy | TOTALS | SAVINGS |
Do Nothing (POF=0.1) | $0 | $374 000 | $18 000 | $23 000 | $796 000 | $586 000 | $1 797 000 | $0 |
Create New (POF=0.01) | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. |
Improve Existing (POF=0.05) | $711 000 | $195 000 | $10 000 | $12 000 | $415 000 | $306 000 | $938 000 | $859 000 |
Operate Differently (POF=0.05) | $9 800 000 | $195 000 | $10 000 | $12 000 | $415 000 | $306 000 | $938 000 | $859 000 |
Maintain Differently | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. |
Rehabilitate (POF=0.05) | $455 400 | $195 000 | $10 000 | $12 000 | $415 000 | $306 000 | $938 000 | $859 000 |
Replacement (POF=0.02) | $26 900 000 | $87 000 | $4 000 | $5 000 | $184 000 | $135 000 | $416 000 | $1 381 000 |
Dispose (POF=0) | $49 156 000 | $0 | $0 | $0 | $0 | $0 | $0 | $1 797 000 |
Manage (POF=0.1) | $5 000 | $374 000 | $18 000 | $23 000 | $568 000 | $586 000 | $1 569 000 | $228 000 |
Recommendations: |
Short Term Strategy: | | | | | | | | |
Rehabilitate (POF=0.05) | $455 500 | $195 000 | $10 000 | $12 000 | $415 000 | $306 000 | $938 000 | $859 000 |
Long Term Strategy | | | | | | | | |
Rehabilitate, Improve & Manage (POF=0.02) | $1 171 400 | $87 000 | $4 000 | $5 000 | $132 000 | $135 000 | $81 960 | $1 715 040 |
ALL COST/SAVINGS SHOWN AS NPVs AT 12% DISCOUNT RATE |
ORDM Checklist
Quality Assurance Review / Checklist
ACTIVITIES / TASKS | 1 | 2 | 3 |
Setting of Appropriate Objectives and Outputs | . | . | . |
Assembly of Base Data | . | . | . |
Break Up of Components | . | . | . |
Identification of Failure Modes | . | . | . |
Identification of Consequences of Failure (Risk Costs):
Direct
Indirect | . | . | . |
Filtering Process Used to Control Inputs/Outputs to Suit Resources | . | . | . |
Treatment Options Considered:
Asset Related
Non Asset Related | . | . | . |
Accuracy of Costs:
Capital
Repair/Replace
Maintenance
Risk | . | . | . |
Economic Evaluation Process | . | . | . |
Weaknesses Identified for Future Study | . | . | . |
Presentations to executive management
Executive Management Presentation (Quality Assurance Review / Checklist)
ACTIVITIES / TASKS | 1 | 2 | 3 |
Logic of Presentation | . | . | . |
Key Points Addressed | . | . | . |
Conclusions Justified by Good Analysis or Outputs:
Options Analysis
Savings Shown | . | . | . |
Recommendations:
Simple and Clear
Cover Key Aspects | . | . | . |
Did Presentation Address Objectives of Study? | . | . | . |
Did Presentation Cover?
Future Issues
Show off the Skill Behind the Results | . | . | . |
LIST IMPROVEMENTS REQUIRED
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