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Asset Registers & Health Indices

Our decades of experience have shown that you can manage your assets more effectively by rating and recording their health.  We can have helped many organizations to develop asset registers that provide easy access to data on their assets within an accessible database, and using these effectively to drive effective maintenance and intervention strategies.

EA Technology consider data collection as an investment and have assisted organizations improve the quality of their data, for reliability and maintenance through data standardization, combined with enhanced data-management systems that allow electronic collection and transfer of data.

Some of the advantages of holding accurate excellent quality data on assets include:

  • Accurate knowledge of the assets and their location
  • Simplification of equipment searches when modifications are required
  • Identification of similar equipment following a failure or defect
  • Ability to carry out age profiling
  • Ability to drive the maintenance of assets
  • Maintenance history linked to specific assets
  • Condition monitoring of assets
  • Reliability analysis of specific asset types
  • The creation of accurate asset Health Indices
  • The ability to upgrade to a risk based methodology process

We are experts in the evaluation of asset Health Indices, which are a simple yet powerful method of rating an asset’s condition and risk of failure. An asset’s health index is designed to provide an objective and accurate indication of the probability of its failure at any time during its service life. Health indices can be used to support investment decisions into an asset’s replacement or maintenance intervention.

Used together, Asset Registers and Health Indices are essential for creating an overview of all your assets, to prevent outages, manage maintenance and plan replacements more effectively.

Benefits

  • Gain a holistic view of all your assets, in one Asset Register
  • Use Health Indices to strategically target asset maintenance and replacements efficiently
  • Comply with regulations to keep records of your assets

Features

  • Easy to set up, based on EA Technology’s proven approach
  • Easy to access and update
  • Excellent foundation for upgrading to our full Asset Investment Management (AIM) methodology – the world’s most effective asset management system
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William G. Higinbotham
President