Where are you on the Ultimo EAM Maturity Model?
Our software partner, Ultimo, designed the EAM Maturity Model to help you evaluate your asset management strategies.
Brisbane, Australia
The Enterprise Asset Management (EAM) Maturity Model will allow you to visualise the company’s asset management strategy progress.
You’ll discover how to move from reacting to short-term challenges to proactively planning for long-term objectives.
How does an EAM system add value to business operations?
Asset management systems improve and support the entire maintenance and safety operation by:
- Improving your maintenance processes to increase uptime, reliability, and availability.
- Controlling costs effectively by working more efficiently.
- Ensuring compliance with Health, Safety and Environmental (HSE) regulations.
Why is it important to plan your EAM strategy journey?
The Ultimo EAM Maturity Model is a blueprint for identifying your current strategy for asset management and showcasing the data-driven pathway toward potential growth.
This practical model empowers you to:
- Chart your path to operational maturity
- Identify gaps and performance opportunities
- Pinpoint areas to introduce predictive maintenance and real-time monitoring
- Ensure compliance while optimising performance across the board
It is important to transform your approach to asset management, from reacting to failures and start proactively planning your maintenance. By integrating the right solutions related to HSE and operations, you can make more data-driven decisions to maximise ROI and extend asset lifecycles.
What are the five stages of the Ultimo EAM Maturity Model?
The stages in the Enterprise Asset Managment (EAM) model provide a framework to assess and understand where your business is in the journey, and how to unite maintenance, operations, EHS and finance.
Organisations in Stage 1. Reactive, use a corrective maintenance strategy.
- Assets operate until they break down, and maintenance is only carried out in response to failures.
- No clearly defined maintenance strategy, and teams often operate without dedicated asset management software.
- There is a heavy reliance on instincts or common sense.
- Proper documentation or registration for every task executed is missing.
The mindset is very operational, with a focus on maintaining and fixing assets.
Organisations in Stage 2. In Control, shift their focus to avoiding sudden breakdowns through preventive maintenance..
- Maintenance activities are planned.
- Professional software is used more commonly to centralise asset data.
- Some organisations use mobile devices to access this data.
- Work orders are used to document asset failure and repair.
- Sometimes, costs are registered.
- Operations and HSE are involved more and more.
This stage is the first step towards more structured and proactive asset management.
Organisations move to Stage 3. Proactive when preventive maintenance overtakes corrective maintenance as a strategy.
- Predictive maintenance is added to the mix by using sensor monitoring and condition-based maintenance.
- Organisations in this stage adopt a tactical maintenance approach.
- Access to quality data allows the organisations to improve their strategies.
- KPI’s and performance are tracked, and analysis is performed on the data.
Smarter ways of working empower teams to collaborate better and increase uptime and reliability.
Organisations in Stages 4. Smart and 5. Ultimate, have a strategic maintenance management strategy, and they are focused on adding value to every step in the asset lifecycle.
- Data analytics help identify emerging failures and risks.
- Data also drives confident and cost-effective maintenance decisions.
- Integrations with APM or ERP further streamline maintenance, purchase and financial processes.
Companies adopt long-term strategic asset management plans using analytics to optimise resources for achieving financial and operational excellence.
Complimentary
Book an Asset Management Maturity Assessment
Receive an asset management maturity assessment to help you uncover opportunities and improve asset reliability, with:
- Expert recommendations,
- Practical next steps, and
- A roadmap to smarter, predictive asset management.
We understand that monitoring, managing, and analysing assets remains challenging for many companies relying on the healthy, predictable operations of assets. MCGlobal Solutions can help you manage this expectation with confidence.
Here to help asset managers make informed decisions and improve asset health to achieve efficient, sustainable, and reliable operations.
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