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