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Asset Performance Management – An Introduction

  • Course level: Intermediate

About Course

Asset Performance Management is similar to Condition-Based Maintenance yet it goes well beyond CBM's capabilities. If you are moving towards the concept of a "digital enterprise", or you want to leverage Industry 4.0 capabilities and technology, then you can do that with APM.

Description

Asset Performance Management is similar to Condition-Based Maintenance yet it goes well beyond CBM’s capabilities. It leverages technologies now available in this fourth Industrial Revolution (Industry 4.0), like the Industrial Internet of Things (IIoT), Artificial Intelligence (AI), Machine Learning (ML), the Cloud, and high-speed data networking. Leveraging the stream of data that can be produced by your own production equipment, it promises to go far beyond early warning of some machine breakdowns and truly enhancing production efficiency.

Conventional CBM technologies are limited in scope and scale of what they can do for us. Industry 4.0 opens up a much broader spectrum and capabilities. We can now have real-time warnings about a far greater range of problems in much more of our installed capital asset base. The ability to identify problems and forecast the remaining time before failure exceeds what many CBM technicians and reliability engineers are capable of doing with conventional technologies.

The rapidly expanding availability of sensors and analytics software makes it possible to continuously monitor more than just your most critical assets. That expands APM well beyond CBM for larger companies. The low cost of devices and analytics, coupled with the ability to get expert advice without hiring and training expensive reliability engineers opens continuous monitoring up to a much wider market of medium and smaller enterprises.

Can’t find skilled trades and technicians for maintenance? APM helps with that too – it leverages the very knowledge and skills that are more common in younger generation new hires. The need for lots of experience to achieve results with CBM is not going away entirely, but it is being reduced.

Completion of this course is recognized with a certificate of completion and earns the student 0.3 CEUs.


 

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What Will I Learn?

  • Understand Industry 4.0
  • Add meaning to "digital enterprise"
  • Understand the IIoT, Artificial Intelligence, Machine Learning
  • Understand basics of Condition Monitoring & Proactive Maintenance
  • Understand the relationships among APM, Industry 4.0, and CBM
  • Learn the benefits and pitfalls of APM

Topics for this course

5 Lessons3h

Asset Performance Management

1 – Industry 4.000:26:18
2 – Artificial Intelligence and Machine Learning00:21:30
3 – Asset Performance Management00:13:34
4 – Proactive Maintenance00:34:28
5 – Applying Industry 4.0 to CBM and APM00:41:30
Final Exam

About the instructor

5.00 (7 ratings)

18 Courses

67 students

$240.00

Material Includes

  • Instruction (2 hrs, 20 minutes)
  • Final exam (40 minutes)
  • Watermarked copy of course slides
  • Certificate of completion (upon passing)

Enrolment validity: Lifetime

Requirements

  • Familiarity with basic Condition Monitoring and Proactive Maintenance concepts
  • Familiarity with basic maintenance management concepts
  • Interest in the "Digital Enterprise" and Industry 4.0

Target Audience

  • Executives (COO, CTO, and General Managers)
  • Maintenance & Operations Managers
  • Maintenance Superintendents
  • Innovation officers