Explaining Risk Assessment and Strategies

You want to determine your asset with the highest risk?

Define the best maintenance strategy for it?

And monitor, even predict, the health of your assets?

SAP Asset Performance Management (APM) offers a risk-based approach for the maintenance of your technical assets - as opposed to the usual time-based, condition-based, or performance-based approach.

SAP Asset Performance Management allows the reliability engineer to assess asset health indicators and real-time performance to determine maintenance strategy effectiveness.

Watch the following video to learn more about SAP Asset Performance Management.

To assess the risk of an asset, you can create risk and criticality assessments which allow you to evaluate potential risks and consequences that can impact your business.

Assessments are created based on assessment templates which deliver the relevant building blocks.

The Risk and Criticality Assessment is based on impacts, dimensions, and scales. Its goal is to calculate the risk score based on different dimensions and scales, and for different impact categories.

Watch the demo video to learn more about the Risk and Criticality Assessment.

In Asset Reliability Engineering you can define maintenance strategies based on standard reliability methodologies such as

• Reliability Centered Maintenance (RCM)
• Failure Modes and Effect Analysis (FMEA).

Both methods will identify potential failures and will develop recommendations to avoid or mitigate these failures. In this context, RCM is usually used for assets with a high risk, FMEA for assets with a medium risk.

Recommendations can be based on assessments or can be created without assessments. They implement the relevant optimization measures. The following recommendation types are available:

• Proactive - Calendar, Performance, Condition

• Reactive - refers to repairs of broken down equipment.

• Improvement - training, design change or product change, process change, regulatory change etc.

Watch the demo video to learn more about the RCM method and Recommendations.