This presentation from NFMT Baltimore provides a comprehensive overview of failure identification, analysis, and remediation in asset management. Michael Guns Jr., a senior consultant at JFC & Associates, emphasizes the importance of fundamental principles in addressing failures effectively. He discusses the hierarchy of failures, their causes, remedies, and the process of aligning business processes to eliminate defects and support maintenance strategies.

Failure is the inability of an asset to perform its designed function, especially its inability to adhere to parameters set during the asset's lifecycle. Failures can occur due to various reasons, including electrical, ventilation, water, fuel, locks, keys, underground systems, heat, and fire-related issues. Understanding these failure modes helps in identifying defects and implementing corrective measures.

Guns outlines a structured approach to failure analysis, starting with identifying problems, determining causes, and implementing remedies. It's important to develop a classification structure for failure codes, which streamlines work orders and facilitates efficient maintenance operations. By categorizing failures, organizations can prioritize tasks, allocate resources effectively, and improve asset performance.

There are various tools available for failure analysis, including the five whys analysis, cause mapping, Pareto analysis, and fault tree analysis. These tools help in identifying root causes and developing recommendations for corrective action. Additionally, failure analysis enables organizations to track the effectiveness of implemented solutions and optimize maintenance practices.

There is also a relationship between failure codes and maintenance strategies, including the importance of predictive maintenance in reducing downtime and optimizing asset performance. By aligning maintenance efforts with failure codes, organizations can achieve a balance between preventive and corrective maintenance, leading to improved return on investment and reduced lifecycle costs.

Guns also discusses the role of failure codes in budgeting and forecasting maintenance activities. By analyzing facilities conditions and identifying high-priority failures, organizations can allocate resources efficiently and address critical maintenance needs. Furthermore, failure analysis supports strategic decision-making and helps in meeting service level agreements with end-users.

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