Conscious Asset
Five Minute Facts
Silver Bullets Can Backfire
We want silver bullets and quick results. Indeed, if we know what we are looking for, some quick wins are usually possible, yet they will usually only scratch the surface when it comes to overall payback potential. What we see happening...
- James Reyes-Picknell
- Conscious Asset
Five Minute Facts
Right Track? Right Train?
Your job is to improve reliability and you have a plan. You are certainly on the right track with your plan and the actions you will take should indeed make some improvement. But are you on the right track...
- James Reyes-Picknell
- Conscious Asset
Five Minute Facts
Asset Management in Public and Private Sectors
Most of my firm’s clients are in the private sector but occasionally we do some public sector work. We usually notice a number of distinct differences in practices and in what motivates those practices...
- James Reyes-Picknell
- Conscious Asset
Five Minute Facts
Entropy Part 2 – Economics
Accountants will like the emphasis on profits but they cannot lose sight of the need to invest. Excessive focus on costs reduces the energy put into the system and allows its entropy (chaos) to increase. Failing to invest enough destabilizes...
- James Reyes-Picknell
- Conscious Asset
Five Minute Facts
SaaS for Predictive Maintenance in the Cloud
Cloud computing is increasingly becoming critical to business, especially as digital technologies like IIoT become widespread. Gartner predicts that in the next year, the cloud-based Software as a Service (SaaS) market will grow 85%, five times faster than traditional software...
- James Reyes-Picknell
- Conscious Asset
Five Minute Facts
Entropy Part 1 – Fundamentals
Engineers are familiar with the concept of “entropy” and the laws of thermodynamics. The second law of thermodynamics states that the total entropy of an isolated system always increases over time. So what does that mean for us in the world of asset management and maintenance...
- James Reyes-Picknell
- Conscious Asset
Five Minute Facts
Myth Busting: KPIs Are Always Helpful
Many believe that if you can’t measure it, you can’t manage it. That’s just not right. Measurements can only count what is countable...
- James Reyes-Picknell
- Conscious Asset
10 Minute Talk
Trick Question: Do You Want Value or Low Costs?
If you can’t sell all you can produce, then reducing costs is often the only way to improve margins, but that simplistic accounting perspective is not always the case. Cost control is often thought to be key to attaining profitability, but in the case of maintenance it can get you into trouble...
- James Reyes-Picknell
- Conscious Asset
Five Minute Facts
Will a Maintenance Assessment Help My Plant?
If a company asks for an assessment, it is often because it already knows that it is under-performing. The assessment may help to quantify that, but it has some downsides...
- James Reyes-Picknell
- Conscious Asset
