Life Cycle Engineering brings asset managers and maintenance professionals in-depth discussions from field experts to share insights regarding best practices for improving asset performance and reliability. This show features Q&As with reliability subject matter experts, clients and executives within the manufacturing industry to give listeners a holistic view of how to achieve reliability success.
https://www.lce.com/podcast
Validating and Optimizing Your Asset Hierarchy System
Paul Langan, a senior reliability technician with more than 45 years of maintenance and reliability experience, joins the podcast to help us answer some of the major questions centered on asset hierarchy. We’ll go into the weeds of asset hierarchy by discussing topics such as the types of assets that should be catalogued, the importance of developing a parent-child relationship within your hierarchy system, and how to optimize your hierarchy.
Discussion highlights include:
- Explaining what an asset hierarchy is and why it's important for an effective asset management program
- Identifying the types of assets that should be catalogued
- Uncovering the need to validate your assets
- Developing a parent-child relationship
- Optimizing your asset hierarchy system
Additional Resources:
- Is Asset Hierarchy Validation and Optimization a Waste of Time and Money?
- Sample Functional Hierarchy