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Why Data Is the Foundation for Reliability

Khalid A. Al-Jabr, Qadeer Ahmed, Dahham Al-Anazi, Saudi Aramco


ABSTRACT

In this article the authors discuss the importance of data and its usage in the analysis of performance and reliability of equipment.


It comes as no surprise in an increasingly tech driven world, that the authors affirm data is the cornerstone for any operation to measure, analyse and ultimately improve reliability and asset costs. Accordingly it is critical to have accurate historical data from which useful decision-making information can be formed, however the authors contend that not all companies have the systems, process and culture to drive data collection and management.


As with any data system the old adage “Garbage in -> Garbage out” applies so data quality is at the heart of all reliability studies.

Furthermore correct decisions hinge not only on decision makers having accurate data and information but it must be readily available to make timely decisions. This is reinforced in the iconic quote of Lee Lacocca “The right decision is the wrong decision if made too late“.


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Ramesys Global – Maintenance Budgeting Software


Ramesys Maintenance Budgeting, Reporting and Analytics Software (MBRS) is simple & intuitive, designed specifically to provide maintenance cost transparency within mining and asset intensive industries.

Ramesys MBRS is a highly developed software solution that collects and maintains all your asset and maintenance data, delivers accurate and timely reporting for all KPIs, unit costs and variances for both costs and maintenance resources.

Short and long term maintenance budgets and forecasts are easily created, leaving your planners with time to focus on modelling strategy changes, repair vs replacement options and rapidly understanding the impact of mine plan changes.


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