Development of asset management performance measures (2015)
Type of ContentTheses / Dissertations
Thesis DisciplineEngineering management
Degree NameMaster of Engineering in Management
This report describes an investigation into asset management practices at Genesis Energy, a major electricity generator and energy provider operating across New Zealand . At the time of publishing, Genesis was taking action to improve asset management practices within the company's generation department through development of an ISOSS000 (international standard for asset management) aligned asset management system (AMS) . The aim of this investigation was to provide recommendations for the establishment of performance measures for the AMS. In working toward this, opportunities for the improvement of the system in general were also noted and related recommendations put forward. Central to the investigation was the creation of a system process map which was used as a tool in analysing the AMS. The development of the AMS at Genesis Energy is driven by a need to manage electrical generation plant with increased efficiency and reduced risk in a commercially astute and socially responsible manner. Development of AMS performance measures through system mapping aims to support the system's on-going enhancement through increasing internal understanding and providing direction for continuous improvement. In order to map the system, the structure of Genesis' existing asset management processes were investigated and the information and activity flows involved were laid out using a basic flow chart syntax. Employing the IDEF0 graphical modelling language and the AMS diagram given in ISOSS000, a hierarchical series of detailed diagrams was then developed from the basic charts to reflect the desired end-state of the Genesis AM S. The IDEF0 approach provided a structured and logical methodology for visualisation of complex activities and information flows between interconnected activities .
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