I take these three tools to every asset management condition assessment I am a part of. Of course, the tools, techniques, and methods of...

Asset managers often go to the field to view their equipment, collect missing asset data, or support condition assessments. We recently...

I love data as a reliability engineer. In fact, I consume data like food – and I have a big appetite. The hardest thing to do is to push...

Are you drowning in the many activities related to what to do in your asset management program? Are you spending valuable resources and...

The Chance of Rain Most people do not understand what the chance of rain means. Some believe it means it will rain "30% of the day,"...

Probability Distributions The probability density function (PDF) is applied to continuous random variables, whereas the probability...

Monte Carlo simulations are the best approach for assessing uncertainty for future infrastructure and facilities funding requirements....

If you are not using Monte Carlo simulations to inform your asset management decision making, then it is nearly certain that you are leaving value on the table. Understanding the total cost of ownership is a fundamental principle of asset management of facilities and infrastructure. However, all of our knowledge is about the past. All of our decisions are about the future. Monte Carlo analysis is our best tool for bridging our knowledge of the past with future uncertainties.

Hurricane tracking is very good these days, especially in forecasting storm intensity and location two to seven days in advance....

An incredible number of technical professionals believe that effective asset management can only be performed with a meaningful...

The idea of anything worth doing is worth measuring is a persistent one. The persistent problem is that measuring performance becomes...

A common question is whether the Board of Directors should approve the Asset Management Policy. The short answer is yes. The longer...

Asset management for facilities and infrastructure has fallen into the leadership realm of gearheads and data managers. The result is...

Hopefully, you have already determined the purpose of the condition assessment, developed a subsystem-asset approach based on...

Three things to remember about criticality analysis are: 1. Criticality analysis is the essential first step in any improvement program...

Relaibilityweb.com recently published three articles from JD Solomon on asset management and decision making. Whether you want to be a...

SOAP can result in staff time savings of up to 70% compared to traditional methods.

Criticality analysis is the best way to prioritize organizational activities.

The good news is that the average person usually responds, "a loss." Occasionally. I get "a surprise." I like "surprise" because it stands up to the tedious debate that risk professionals have about whether risk can be positive or negative, or just negative (some argue that risks are potential losses and opportunities are potential gains).

Organizations change their Enterprise Asset Management System (EAMS) or Computerized Maintenance Management System (CMMS) many reasons....