Assets have a distinct journey from concept to disposal. Mitchell emphasizes optimizing every stage:
Specifying assets that are reliable and maintainable from day one.
Ensuring the asset meets precise operational specifications.
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Drawing from Mitchell's structured methodology, establishing an enterprise-wide asset management program requires a systematic, multi-step deployment:
They began to analyze the No. 5 Paper Machine. The handbook laid out a logic tree. They realized the vibration Elias had heard wasn't just "wear and tear." It was a specific failure mode: Misalignment due to thermal growth.
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"Good news," Sarah said. "We hit 92% Planned Maintenance compliance."
: Provides a framework for creating sustainable value by integrating business, technical, and operating strategies. Performance Metrics
Considering total cost of ownership (TCO) from initial design and procurement through operation and final disposal. To help tailor more specific information for your
Using data-driven insights to constantly refine processes and maintenance intervals. Key Themes Covered in the Book
Mitchell emphasizes that successful physical asset management requires a blend of hard technology and "soft" organizational factors: Google Books Processes and Practices