Comprehensive method for improving asset integrity management

Asset Integrity Management (AIM) plays a significant role in keeping complex ageing assets, such as oil and gas plants, power stations, manufacturing plants operating safely and productively. Many assets are now in a critical stage of life and new approaches to monitor and improve assets' performance are required. We present a systematic monitoring method for improved efficiency and effectiveness of the plants' assets; through a comprehensive data analysis based on 12 factors related to 5 underlying pillars as illustrated in Figure 1. These pillars and factors have been identified from an extensive review of academic literature and organizations' publications which focus on AIM programs. We integrate the pillars within one monitoring model such that asset owners can measure AIM performance through key performance indicators (KPI) and identify pitfalls/gaps in each pillar for improvement and enhancement opportunities. The core idea is integrating all AIM's pillars in one method and measuring the performance as one indicator, as well as each individual pillar's performance. To measure each pillar performance, its each element's performance has to be computed first. We propose using a Multi Attribute Value Analysis (MAVA) approach to scoring and weighting the individual pillars and overall performance. We propose that the method is regularly applied to ageing assets to identify weaknesses early. We expect that asset owners or operators will oversee the proposed approach in order to gain a bigger picture view of the asset performance, identify poor performers and develop a remedy to close gaps before getting poorest. which can draw more attention to improve assets from several aspects.