APM Strategy Learning Track: 4206 Getting Started with APM Strategy

Schedule

Location : Wait List – You will be notified when a new class is scheduled

Location

Start Date

End Date

Session Times

Course Cost

Seats Remaining

Status

Wait List – You will be notified when a new class is scheduled

31-Dec-2030

12:00 AM - 7:00 PM Eastern Time

$0.00 USD

996

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Course Description

4206 Getting Started with APM Strategy

Overview

In APM Strategy Management, learn how to use APM to create and manage strategies for assets and plants. Build robust strategies by learning about the theory behind asset strategies and employ different methodologies to analyze and mitigate risk.

This class teaches attendees how to build Asset Strategies, which are collections of Actions performed against an asset in order to mitigate risk. Participants will also learn how to use basic qualitative risk analysis to evaluate existing plans and determine whether they should be updated to manage risk more effectively.

Audience

This class is designed for:

End Users
Functional Consultants - Strategy
Reliability Engineers

When you complete this course, you will be able to:

Evaluate risk & performance
Mitigate risks with an action plan
Create and execute a strategy
Assess unmitigated and mitigated risk using the Risk Matrix
Create an Asset Strategy template
Consolidate actions and promote recommendations
Explain the Asset Strategy Optimization capability
Implement actions as rounds measurement locations and health indicators

Duration

12 hours

Delivery Format

Instructor-led Classroom
Virtual Classroom
Onsite

Brochure

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Modules and Topics

Asset Strategy Work Processes

Asset Strategy Work Process Elements

APM Foundation, Asset Health & Policies, Core Analysis, Recommendation Management, Asset Taxonomy, Event History, and Asset Criticality

Failure Elimination

Perform Investigation, Determine Solutions, implement solutions, Track performance, Evaluate asset performance, Identify opportunities

Asset Strategy

Communicate improved plan, implement strategy, Execute strategy, Evaluate risk and performance, Mitigate risks with action plan, Optimize mitigation

Mechanical Integrity

Define Mitigation strategy, Execute strategy, evaluate and communicate results, Collect or update asset data, Identify potential degradation mechanisms, Perform risk analysis

Asset Safety

Consolidate plan to achieve safety Integrity Level (SIL), Execute strategy, Operate & Monitor performance, Assess operating risk, Determine Safety Integrity Level (SIL), Validate instrument design

Risk Evaluation

Determine your organization’s appetite for risk based on the different kinds of risk, quantify risk using various methods, and mitigate risk by creating an action plan

Asset Strategy Management

Asset Strategy Management Overview

Reviewing Strategies and the ASM Data Model, Reviewing the Asset Strategy Work Process, Understanding Security Groups and the Baseline ASM Security Groups

The Promote to ASM Function

Reviewing the difference between Performance and Strategic Recommendations, Promoting Proposed Recommendations to ASM

Building Asset Strategies

Reviewing the Risk Matrix and its components, Building an Asset Strategy manually, Creating a new Risk record, Defining Mitigating Actions

Asset Strategy Templates

Understanding Template application methods, Creating an Asset Strategy Template, Applying a Template as a Master, Applying a Template as a Copy, Applying selected Risks and Actions from a Template, Linking Mitigating Actions to Risks, Consolidating Actions, Undoing Actions, Modifying Risk and Actions

ASM State Configuration

Reviewing the ASM State Configuration process and Roles, Activating the Strategy

Risk Analysis

Viewing a Strategy’s Revision History, Changing Administrative Settings for Risk Analysis, Purposes, Filtering Actions, Simulating the Removal of Actions from a Strategy, Changing Action Intervals to improve the Strategy, Proposing and Activating the modified Strategy

Asset Strategy Optimization

Reviewing the ASO capabilities

Implementing Asset Strategy Actions

Implementing Actions as Rounds Measurement Locations, Adding an ML to serve as a Health Indicator Source, Implementing Actions as Health Indicators, Reviewing how to Implement Actions in an EAM System, Using Action Management to implement Bulk Actions

Live Support

Offline