ERS OPC’s 1st Asset Criticality Assessment Onsite Training – Conducted for Minergy Power Corp.
Revolutionizing Asset Management with Knowledge and Expertise
Date: October 15-16, 2024
Location: Minergy Power Corp. Site
In a groundbreaking move toward operational excellence, Erudite Reliability Services OPC successfully conducted its first-ever Asset Criticality Assessment (ACA) onsite training at Minergy Power Corp. from October 15 to 16, 2024. This transformative two-day event was facilitated by reliability expert Jason Mendoza, who brought his extensive experience and deep industry insights to empower participants with essential skills in asset prioritization.
Why Asset Criticality Assessment Matters
Asset Criticality Assessment (ACA) is a systematic approach used to evaluate and classify the relative importance of assets within an organization. It provides a framework to identify which assets have the highest impact on business operations, safety, and regulatory compliance. By utilizing the ACA methodology, organizations can allocate resources more effectively, reduce risks, and optimize operational performance.
This approach is particularly valuable in industries like energy, manufacturing, and utilities, where asset reliability directly affects production capacity, environmental impact, and overall profitability. For more on this topic, you can explore this comprehensive guide on the matrix of criticality.
Training Highlights
The two-day training featured a comprehensive curriculum designed to bridge theory and practice. Under the leadership of Jason Mendoza, participants from Minergy Power Corp. engaged in immersive learning sessions focused on:
- Understanding Asset Criticality
- Defining asset criticality and its role in asset management strategy
- Identifying business drivers and their link to critical assets
- Establishing the relationship between risk, cost, and asset performance
- Building the Criticality Matrix
- Step-by-step guidance on constructing the criticality matrix
- Practical tools and templates for immediate use in daily operations
- How to rank assets using criteria like impact on safety, production, and regulatory compliance
- Hands-on Application
- Real-time application of criticality assessment methods to Minergy Power Corp.’s asset portfolio
- Group exercises on data collection, scoring, and ranking assets
- Live demonstrations of how to prioritize maintenance schedules and investment decisions based on criticality outcomes
- Actionable Takeaways
- Participants left with a clear understanding of how to sustain the asset criticality process in their daily routines.
- Customized templates and tools were provided for ongoing use at Minergy Power Corp.
The Impact on Minergy Power Corp.
The training marked a milestone for Minergy Power Corp. as it aimed to enhance its asset management strategy. With the tools and techniques gained from the ACA training, Minergy is now better positioned to:
- Optimize Maintenance Strategies – Prioritize maintenance activities on critical assets, improving uptime and reducing emergency repairs.
- Improve Resource Allocation – Ensure labor, time, and financial resources are directed toward the assets with the greatest operational impact.
- Reduce Risk Exposure – Focus on high-risk assets to minimize safety, regulatory, and environmental risks.
Participant Feedback
Feedback from attendees was overwhelmingly positive, underscoring the impact of the training on their understanding and approach to asset management. Here is a summary of key takeaways from their testimonials:
- Improved Company Culture: The training is seen as a catalyst for cultural change within the organization.
- Comprehensive Learning: Attendees appreciated the holistic approach of the training, with one participant stating, “What I liked best about the session is the whole topic.”
- Valuable Knowledge and Practicality: The expertise and knowledge shared by facilitator Jason Mendoza were highly praised, as was the practical, real-world application of the concepts.
- Call for Broader Implementation: Participants expressed the need to “escalate this asset criticality to the ranks” for wider appreciation and understanding.
- Trainer’s Expertise and Relevance of the Topic: The topic was described as “very interesting,” and the trainer’s knowledge and practical experience added immense value.
- Hands-on Approach: Attendees valued the practical, experience-based learning approach, which reinforced the concepts through real-world application.
Here are some of the actual testimonials from participants:
“This training improves the current culture in the company.”
“What I liked best about the session is the whole topic.”
“I like the topic and the knowledge shared by the facilitator.”
“Escalate this asset criticality to the ranks for them to appreciate.”
“The topic is very interesting, the trainer is knowledgeable, and this must be implemented.”
“Good practical application.”
“Learning is reinforced with practical experiences by the trainer.”
These testimonials highlight the participants’ appreciation for the session’s practicality, relevance, and impact on their daily work. They also reflect the effectiveness of Jason Mendoza’s facilitation, with his industry knowledge and real-world insights driving home the core principles of asset criticality.
Looking Ahead
With the successful completion of this inaugural onsite training, Erudite Reliability Services OPC aims to replicate this model with other companies in the power, manufacturing, and utility sectors. This initiative is part of Erudite’s broader mission to elevate asset management standards across industries by equipping teams with practical, actionable knowledge.
For Minergy Power Corp., this training is only the beginning. By embedding the principles of Asset Criticality Assessment into its daily operations, the company is poised to achieve greater operational resilience, reduced costs, and an elevated safety culture.
This landmark training underscores the importance of ongoing learning and development in asset management. As the industry faces growing pressure to maximize efficiency and reduce risk, tools like the Asset Criticality Matrix are becoming indispensable. Thanks to the vision of Erudite Reliability Services OPC and the expertise of Jason Mendoza, Minergy Power Corp. is now better equipped to face the future with confidence.
For more information on how your organization can benefit from ACA training, email us at [email protected].