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Data Center World 2020

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Agenda at a Glance

ISO 55000: Overview of Asset Management with a Focus on Industrial and Commercial Equipment

Bhanu Srilla (Director of Marketing and Product Management, Grace Engineered Products)

Location: 205

Date: Monday, March 16

Time: 1:00pm - 2:00pm

Pass Type : All Access, Standard

Track : Design, Build, Operate & Automate

Session Type: Session

Vault Recording: TBD

Facility operations have become more complicated than ever as the management’s focus shifted from production throughput to overall operational excellence. This has put significant pressure on the facility maintenance and reliability personnel as they now need to justify overall lifecycle cost of the assets, extend the operational life, and allocating the maintenance budgets in addition to meeting the day-to-day operational demands on their equipment. While some facilities have newer equipment to support their operations, most facilities are operating with assets that are about three to four decades old which require right maintenance strategies in place to ensure the operation demands are met. This session will focus on the basics of asset management to discuss key terms, principles and terminology used in ISO 55000 standards. Emphasize will be placed on the four phases of the asset lifecycle; acquire, operate, maintain, and dispose.