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Hierarchical Asset Structure

STOP! Do you have the correct Hierarchical Asset Structure?

In relation to physical assets, hierarchy is the relationship between the highest level of equipment, subcomponents and components, detailed on the level where you can perform maintenance – Maintenance Significant Item.

The hierarchical asset structure process will clarify the parent-child relationships between the assets and these relationships help to identify which assets you can perform maintenance on, and which assets are connected. This is a major benefit for data collection and further analysis on the asset performance for an accurate decision making and for improvement on asset management.

What is Hierarchical Asset Structure Development?  

Maintenance Work Management describes all main steps to properly manage work orders, including: planning, scheduling, execution of planned and unplanned work and record of all activities performed by all involved technical staff.  

The main purpose is to increase asset availability and optimize cost of materials, resources, tools and services, by proper utilization of the work orders. 

Establishing the appropriate work planning, execution and control processes in asset management will help you to improve asset availability and resources usage optimization and effective Zero-Based Budget. 

 

Benefit of establishing the parent-child relationship 

There are several benefits on establishing the parent-child relationship: 

  • Scheduling preventive and predictive maintenance activities. This saves a lot of time and money because we can shut down a group once to do scheduled maintenance versus numerous shutdowns to do maintenance on individual assets.  
  • Having the ability to charge costs to the lowest possible asset level, thereby providing a means to identify where maintenance costs are actually being spent. Additionally, work notifications to the correct asset level and not to a general area. This helps to develop historical data that can be used to develop the KPI´s and Reports, contributing to reliability improvement. 

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Reliability Maintenance Management

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