Asset Management Suite

Whitepaper Recommendation: “4 Key Stages of Asset Management Life Cycle”

PECB published a great article on Asset Lifecycle Management here at https://pecb.com/article/4-key-stages-of-asset-management-life-cycle-, covering the very topics Fulcrum Technologies lives and breathes daily for some of the largest CSPs on earth.

As PECB notes: “The process of optimizing the delivery of a value and making the appropriate decision is asset management. Asset Management comprises of opportunities, balancing of costs and threats against the desired level of performance of assets, which is essential for the greatest return on investment and to attain the main objectives of the organization. One of the main objectives is minimizing the overall life cost of assets which can be affected by other indicators such as business continuity or risk during the decision-making process.”

For more than two decades, Fulcrum has focused solely on solving these challenges with more experience in this particular area of discipline than any other vendor. Fulcrum specializes in capturing accurate data about network equipment when and where changes take place, validating and managing that data, communicating it with other systems and then helping users view it in the manner and at the level of detail that is consistent with the way they work within their organization. To learn more visit us at: https://www.fulcrum.net/.

Download the PECB WhitePaper: 4 Key Stages of Asset Management Life Cycle   PECB is a certification body for persons, management systems, and products on a wide range of international standards.

Download the PECB WhitePaper: 4 Key Stages of Asset Management Life Cycle

PECB is a certification body for persons, management systems, and products on a wide range of international standards.

Asset Lifecycle Management for Oil and Gas

ASSET LIFECYCLE MANAGEMENT SOFTWARE (ALM) FOR THE OIL AND GAS INDUSTRY:

CATS ALM Mobility Solutions can be configured to let any oil and gas worker scan 1D, 2D, or Micro PDF barcodes on "tagged" assets with the least amount of attempts required, capturing data as it moves throughout its lifecycle.  This highly configurable software works on any major scanner or smartphone scanning platform... and can be used across drilling rigs, field locations, data centers, back-office areas, and warehouses.  The CATS ALM applications is unique in the fact that it includes comprehensive functionality to support the entire asset lifecycle, from cradle to grave.

What kind of assets are we talking about?

  • Land-based oil and gas drilling rigs
  • Offshore drilling rigs
  • Process manufacturing equipment and plants
  • Power generation plants
  • Aircraft / Components
  • Defense assets including weapons systems, vehicles and facilities
  • Pipeline related assets
  • Power distribution assets

Whether you are planning, designing or maintaining your asset lifecycle management for your oil and gas enterprise, CATS ALM gives you one version of the truth so you can maximize value realized over the asset lifecycle.  And through integration with systems like financial, engineering, supply chain and OSS or BSS applications CATS will greatly improve those systems with accurate, up-to-date information gathered using the superior mobile data collection capabilities within CATS.

CATS is designed for use in the field because that is where the majority of asset transactions take place. So let CATS be the mobile front end to your critical applications that work with your oil and gas asset data.


ISO 55000: The Future of Asset Management

There is a quiet revolution taking place in enterprise asset management. It’s driven by ISO 55000.

ISO 55000 History

In 2002-2004 the Institute of Asset Management (IAM) in conjunction with British Standards Institution (BSI) developed PAS 55, the first publicly available specification for optimized management of physical assets. This has become an international bestseller, with widespread adoption in utilities, transport, mining, process and manufacturing industries worldwide. The 2008 update (PAS 55:2008) was developed by 50 organizations from 15 industry sectors in 10 countries. The International Standards Organization (ISO) then accepted PAS 55 as the basis for development of the new ISO 55000 series of international standards.

What is ISO 55000?

The ISO 55000 series comprises three standards:

>ISO 55000 provides an overview of the subject of asset management and the standard terms and definitions to be used.

>ISO 55001 is the requirements specification for an integrated, effective management system for asset management. 

> IS0 55002 provides guidance for the implementation of such a system.

THOUGHT LEADERSHIP

Since Fulcrum’s founding in 1998 we have successfully navigated governance, risk and compliance (GRC) regulations on behalf of our customers.

Today we are members of the United States advisory team working with twenty-eight other nations in defining the new international performance standard for enterprise asset management: ISO 55000.

Based on the successful British PAS 55 standard, initially developed primarily for the utilities industry, ISO 55000 will help companies be more successful by providing a common, world-wide approach for improving key processes while increasing trust and communication between business partners and suppliers who support the standard. 

BY INDUSTRY, FOR INDUSTRY

The thought leaders developing the ISO 55000 standard recognize that today’s successful enterprises must address aspects of corporate performance that go beyond traditional metrics which are often too narrowly defined by current short-term expenditures.

For businesses to remain healthy and profitable over the long term, ISO 55000 not only provides the mechanisms to measure and improve a company’s profitability but also its role in health and safety as well as its environmental impact and long-term sustainability. 

COMMON LANGUAGE, COMMON STANDARDS

In contrast to government regulations, the ISO 55000 standard is a cooperative, cross- industry effort to build a common frame- work with a common language.

This approach not only helps individual organizations realize increased value from their assets, it helps companies identify, develop and maintain business relation- ships with partner companies from across the globe who have also elected to work in accordance with ISO 55000 principles. 

As a contributing member to the development of the ISO 55000 standard, Fulcrum is uniquely positioned to help customers prepare for and take advantage of the new opportunities that will arise when ISO 55000 goes into effect in early 2014.

Visit www.fulcrum.net to keep up with the latest news and developments on the future of Asset Lifecycle Management.