Manage Your Assets

Or

They Will Manage You

“Plan your work and work your plan,” is the key to success.

Asset Management

Asset Management is more than planning wrenching time on the equipment. It spans the entire life of an asset. From the initial purchase of an asset to its disposal. One view is that there are five components of Asset Management. They are:

  • Asset Inventory

  • Long-Term Funding

  • Level of Service

  • Life Cycle Costing

  • Criticality

Each of these components has its own decision points. Some of them include:

  • Do you currently have equipment that needs to be replaced or could be rebuilt to sustain current and projected requirements? (Asset Inventory)

  • Who will maintain the equipment? Who will operate it and how will you know if it is done correctly and with a planned performance? (Level of Service)

  • Is cheaper better the requiring constant service or does a high-dollar model offer a longer and more productive life? (Long-Term Funding)

  • Is there a plan to sell current assets or even the newest one being considered along with the cost of all components? (Life Cycle Costing)

  • What happens or what is the likelihood of success or failure? (Criticality)

Jim is able to plug into all of these considerations.

DACUM

Jim was a primary team member and lead for General Mills’ beginning of a DACUM for its assets. DACUM stands for Developing a Curriculum.

Jim was responsible for working with a broad team of operators, technicians, and supporting team members to identify the DACUM’s key components and develop the material to support it.

His education with the University of Denver’s Communications Graduate School and as an Army trainer and planner supported this effort. The material was targeted at adults and their presentation and application were the measurements for success.

CMMS

Computerized Maintenance Management Systems (CMMS) are tools for Asset Managers and Maintenance Departments to organize, plan, and execute the hands-on work of using and maintaining assets.

Jim has launched CMMS systems to great success at various locations. He has even had the opportunity to support a CMMS System (Upkeep) in its global launch. Jim contributed as a Content Author to Upkeep’s FAQ sections.

Jim developed a CMMS System at the Denver International Airport. The system was tied to the airport’s automation control programs. The automation program generated an alarm for an issue via a pager while also generating a work order to document the work. This work was done while Jim was employed by BAE.