Implementing an asset management strategy in greenfield projects 

Implementing an Asset Management Strategy (AMS) in a greenfield project requires a structured methodology. This can be broken down into several key stages:

The Asset Management Framework (AMF) 

It is based first and foremost on the Asset Management Framework. 

The AMF defines business expectations for managing the whole lifecycle of assets, aligning with the organization’s broader goals of efficiency, reliability, and cost-effectiveness. By providing a structured framework, it ensures that all asset management activities—from acquisition and maintenance to decommissioning—are carried out in a way that maximizes asset value, minimizes risks, and supports long-term sustainability. This alignment not only enhances operational performance but also helps organizations meet strategic objectives and regulatory requirements, enabling informed decision-making across the asset’s entire lifecycle.

Step 1: defining Asset Management (AM) requirements 

This involves defining the specific asset management requirements for the facility. These requirements are derived from the strategic roadmap for asset management excellence. Asset management requirements must also be aligned with the operational readiness checklist, to ensure a comprehensive asset management plan.

Step 2: input from AM representatives and or team

Early involvement of asset management representatives and or team members with a strong understanding of am principles is critical. Their input helps shape the AM strategy, ensuring that it meets operational goals and stakeholder expectations. The team uses the Asset Management Framework (AMF) principles to guide the strategy’s development. 

Step 3: planning and costing of AM activities

Once the AM requirements are established, they are assembled into unique activities. These activities are planned and costed before being executed. This step ensures that all aspects of asset management are accounted for, including preventive and corrective maintenance, and are financially sustainable.

Step 4: integration of AM technologies 

The am strategy integrates modern asset management technologies to optimize equipment performance. This includes adopting solutions for predictive maintenance, condition monitoring, and performance analytics, all aimed at ensuring assets reach their full potential, with tools like SAP PM, Hexagon, and IBM Maximo. 

Step 5: alignment with the AM framework

The strategy ensures that all Asset Management efforts are aligned with the AMF’s guiding principles. This alignment helps achieve operational readiness maturity, a key enabler for realizing the objectives of the AMF. Specifically, the focus is on the elements associated with “asset delivery” and “asset operate & maintain.” 

Step 6: Operational Readiness and full potential of assets

Operational Readiness maturity is critical in achieving the full potential of assets. By following the AMF and leveraging the relevant elements of asset delivery and maintenance, the strategy ensures that the assets are not only ready for operation but are also capable of delivering optimal value throughout their lifecycle.

Step 7: access to AM tools and resources

Finally, an asset management hub provides access to all materials necessary for the application of the AMF. This includes policy documents, frameworks, manuals, guidelines, tools, and templates that support the effective implementation of the asset management strategy. These resources ensure that the strategy is consistently applied across the project.

Conclusion:

Implementing an asset management strategy in greenfield projects ensures optimal asset performance and long-term sustainability. By defining clear requirements, involving key stakeholders, and leveraging technologies like SAP PM and IBM Maximo, companies can enhance both operational readiness and reliability. 

Aligning strategies with the Asset Management Framework (AMF) and integrating modern tools helps reduce risks and optimize performance. A structured approach supports immediate operational goals while establishing a solid foundation for maximizing value throughout the asset lifecycle. 

Erwan Lecuyer,
Spartakus Technologies
[email protected]