The top asset integrity management challenges, and how to overcome them

Asset integrity management (AIM) is the process of ensuring that an organisation’s physical assets and people are operating as intended and are fit for purpose. This includes both the maintenance and upkeep of any assets, along with the identification of any risks that may impact their performance. 

There are several challenges that organisations face when it comes to implementing an effective asset integrity management strategy and system.

In this blog post, we have shared the top challenges currently faced in regards to asset integrity management, along with ways to overcome them…

1. Ageing equipment

Naturally, as assets grow older they become more susceptible to degradation which increases the risk of failure. When an asset fails, it can lead to severe consequences including unplanned downtime, increased maintenance and materials costs, in the worst cases it results in safety incidents. 

In order to overcome this challenge, organisations should aim to develop and implement a robust maintenance and inspection strategy which includes regular inspections, testing, repairs and replacements as and when needed.

2. Lack of standardisation

Without any clearly defined policies and protocols, businesses may find it difficult to keep track and ensure that their assets are being properly taken care of, and that any potential risks are accurately identified and managed in an organised and efficient manner because data is not standardised and structured. This includes making sure that all equipment is regularly inspected, repaired and replaced as needed, and that any risks are regularly monitored and addressed in a timely manner. 

The best way to start addressing this is to research and implement industry standard best practices regarding asset integrity management. ISO 55001:2014 is a widely used standard which outlines the prerequisites for a successful asset management system in an organisation.

3. Limited data and visibility

Data is at the core of asset integrity management and it is essential that organisations are utilising data that is accurate, standardised, structured, timely and relevant in order to effectively manage the integrity of their assets. However, many organisations struggle with collecting, storing and analysing the abundance of data that is generated by their assets – as there can often be an overwhelming volume of data, or data can be outdated, incomplete or incorrect. 

To solve this, organisations should focus on taking advantage of advanced technologies, such as Effio, in combination with implementing strategic work to collect, validate and enrich asset data. We recently hosted a webinar that dives into this subject in more detail, and you can read our 6-step approach here.

Combining technology and master data best practice can help businesses to efficiently collect, store and analyse data in a way that allows for greater visibility in terms of the performance of their assets.

4. Workforce constraints

The shortage of skilled labour throughout the oil and gas industry is an issue that has recently become prominent globally, and in particular the UK following the wake of the pandemic, BREXIT, and the polarisation of the energy transition for young people. In a sector already facing an ageing workforce – with many people opting to take early retirement during the pandemic – coupled with the fear of job security, the lack of skilled workers is having a significant impact on the industry. 

Without skilled workers on-hand to operate and implement asset integrity management strategies, then the maintenance and inspection of assets will prove expensive and unachievable for organisations. The only way to overcome this challenge is to invest in current employees through training courses or to focus on hiring new employees and providing them with the necessary skills and experience to fill any gaps within the workforce.

5. Risk management

Identifying, assessing and managing risk to asset integrity is a critical aspect of maintaining reliable and safe operations. However, it can be hard to identify and evaluate all potential risks, particularly in environments that are harsh and complex. 

To aid with this problem, risk management strategies can be implemented such as Criticality Analysis (FMECA) and Failure Modes, HAZID’s, HAZOP’s MOPO’s QRA etc. which will identify and prioritise potential risks that arise. 

By addressing these challenges head-on, organisations can improve the integrity of their assets and ensure the safe, reliable and efficient operation of their facilities. By doing so, organisations will avoid costly unplanned downtime, reduce maintenance costs, and extend the overall operational life cycle of an asset.

ABL, have a team of knowledgeable and experienced professionals passionate about helping your organisation perfect its asset integrity management strategy, systems and processes. From asset performance management diagnostics to maintenance optimisation, we have a range of services available.