Business benefits
| Features | Advantages | Benefits |
|---|---|---|
| Failure Codes | Ability to import standard failure code data based on ISO 14224: Petroleum and Natural Gas Industries directly into the Maximo table structure for Failure Class and Failure List. The failure class, problem cause and remedy for Oil & Gas assets are represented by this data. | Reduces the time to gather and load failure classes, problems, causes and remedies. |
| Asset Specifications | Ability to import standard asset specification data based on ISO 14224 into the Maximo table structure. | Reduces the time to create this data from scratch. Once loaded, the follow-on value is the ability to classify all assets within Maximo for purposes of certification, licensing, trend analysis, equipment standardization, etc. |
| Location Details | Provides insight on such asset characteristics as the true physical location, engineering reference numbers & drawing ID’s, safety zones, permitting requirements, etc. | Oil & Gas customers add a number of additional fields to Locations to support a variety of different purposes, including physical location, taxonomy, operating context and reliability related data. |
| Prioritization Matrix | A matrix based system of work or risk prioritization. | Customers need to evaluate whether work needs to be carried out within say 1 hour, 24 hours, 3 days, 1 week, etc. based on preset criteria. Prioritization matrix ensures that critical assets are given priority maintenance; thus, removing the emotion out of critical decisions. |
| Regulatory Compliance | Provides the ability to hold details of regulations relevant to work carried out in Maximo, and relate these regulations to both work planned in Maximo and actual work carried out. | The customer is provided documented proof that work carried out in Maximo was completed based on the required regulation. Also provides the ability to demonstrate compliance with many statutory requirements covering safety, health and the environment. |
| Condition for Work | Provides guidance as to when work can be completed on an asset, group of assets, or even an area or location within a plant site. | By defining the Condition for Work (CfW), this criterion could be used by maintenance planners to aggregate similar work based on CfW or recognize work that could be done given a CfW opportunity that arises during plant operations. |
| Defect reporting | Documents an asset that deviates from perfect operation. | Drives enhanced maintenance and operational performance. |
| Incidents reporting | Documents a deviation from an expected standard of operation. | Improves process safety management. |
| Improvements reporting | Documents actual costs and benefits of implementing improvements to an existing business process or plant configuration. | Drives continuous improvement. |
| Investigations | Addresses an unresolved incident or defect, to record lessons learned from an After Action Review, or to record the results of Root Cause Failure Analysis. | Improves process safety management and serves as a mechanism for initiating the recording of lessons learned by an organization. |
| Solutions | Creates and manages predefined responses to problems and lessons learned from an After Action Review. | Supports organizational learning. |
| Benefits & Losses | Defines benefits that can be associated with Improvements and Solutions. | Drives improvements in plant availability. |
IBM Maximo for Oil & Gas manages the life cycle of assets across the chemicals and petroleum value chain by streamlining and automating key asset management processes.
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