06282017Wed
Last updateWed, 28 Jun 2017 5pm

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Lubricants: Always Important—Sometimes Essential

Lubricants: Always Important—Sometimes Essential

Most valve professionals take more notic...

Why Air Valves are Needed in Water Applications

Why Air Valves are Needed in Water Applications

Air valves are hydromechanical devices d...

Achieving Profitability Through Maintenance Management

Achieving Profitability Through Maintenance Management

One of the distinctions between maintena...

Control Valve Positioner Performance Diagnostics

Control Valve Positioner Performance Diagnostics

There has been discussion for some years...

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Industry Headlines

U.S. Crude, Petroleum Exports Have More than Doubled Since 2010

Wednesday, 28 June 2017  |  Chris Guy

U.S. crude oil and petroleum product gross exports have more than doubled over the past six years, increasing from 2.4 million barrels per day (b/d) i...

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Industry Headlines

Emerson in Talks to Acquire Software Company Paradigm Ltd.

1 DAY AGO

According to Bloomberg , Emerson is in talks to acquire software company Paradigm Ltd. for approximately $1.5 billion.

“Paradigm specializes in seismic data interpretation and imaging equipment to help oil and gas companies know where to drill. The logic of such a deal seems sound and will help Eme...

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VMA Members Lead MDM Top Industrial PVF Distributors List

2 DAYS AGO

Modern Distribution Management (MDM) recently published its Top Distributors list for 2017. Four of the top 5 distributors in the Industrial PVF category ; MRC Global, NOW Inc., Wolseley Industrial Group and FloWorks International; are currently VMA members.

“While oil & gas markets have start...

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U.S. Crude, Petroleum Exports Have More than Doubled Since 2010

3 HOURS AGO

U.S. crude oil and petroleum product gross exports have more than doubled over the past six years, increasing from 2.4 million barrels per day (b/d) in 2010 to 5.2 million b/d in 2016. Exports of distillate, gasoline, propane, and crude oil have all increased , but at different paces and for different...

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Mountain Valley Pipeline Gets Environmental Approval

1 DAY AGO

The Federal Energy Regulatory Commission (FERC) determined that construction and operation of the Mountain Valley Pipeline would result in some adverse environmental impacts, but the majority of these impacts would be reduced to less-than-significant levels. This determination is based on a review o...

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IMF Lowers Forecast for U.S. Growth to 2.1%

5 HOURS AGO

According to the newest forecast from the International Monetary Fund (IMF), growth in the U.S. is expected to rise 2.1% both this year and next, driven by continued solid consumption growth and a cyclical rebound in private investment. In its last forecast the IMF predicted 2.3% growth this year an...

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U.S. Durable Goods Orders Fell the Most in 18 Months

1 DAY AGO

New orders for manufactured durable goods in May decreased $2.5 billion or 1.1% to $228.2 billion, the U.S. Department of Commerce announced. This decrease, down two consecutive months, followed a 0.9% April decrease. Excluding transportation, new orders increased 0.1%. Excluding defense, new orders...

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Asset Management: A Plant Manager’s Best Friend

vmfall11_maintenance_tabletInformation about the performance of a facility’s valves has never been more readily available—or more important. Digital positioners and distributed controls can provide valuable data about the operation of the overall system. At the same time, the growing complexity of today’s facilities, increasingly stringent regulatory and reporting requirements, and growing pressure to improve plant performance have combined to make that valve data more vital than ever.

But how can an operations or maintenance manager get the best information? To be useful, the data must be readily available and presented in a user-friendly manner. Asset management systems can fulfill this need by providing easy access to a database containing details of the history and health of every valve in a plant.

WHAT IS AN ASSET MANAGEMENT SYSTEM?

An asset management system is the valve equivalent of the electronic medical recordkeeping systems used by hospitals and clinics. For medical applications, the patient’s electronic record contains such information as test results, prescription history, diagnostic images and notes on previous appointments. The physician can access this data with just a few clicks of a mouse, no matter the time of day or night or whether he or she is in the office the patient typically visits, or at a sister facility. Having this complete record helps the physician identify any changes in the patient’s health over time, make accurate diagnoses, alert when routine tests and procedures should be completed and properly bill the insurance provider.

Similarly, an asset management system for valves stores performance data, maintenance records, test results, piping and wiring diagrams, photos and other vital and diagnostic records in a simple and logical manner. The information can then be easily retrieved for use in tasks such as performance analysis, outage and maintenance planning, inventory management, validation reporting to inspectors and loop analysis. An asset management system also can help plant personnel see trends in valve performance over time, diagnose performance problems, determine whether a valve should be repaired or replaced, streamline plant turnarounds and other maintenance activities, and more easily meet documentation and reporting requirements.

Various types of asset management tools are in use today, ranging from spreadsheets and other user-designed tools to sophisticated Web-based programs. The following are key factors to consider when evaluating the options and choosing the right solution.

RANGE OF CAPABILITIES

A key objective of implementing an asset management system is to simplify and streamline processes. To aid in this goal, plant personnel can choose a single tool that will meet all of the plant’s needs, rather than juggling multiple tools to accomplish different tasks.

This single tool should be able to capture data about all types of valves in a plant—control, pressure relief, line, gate, motor-assisted, etc. It also should record information about a valve and all of its accessories, not just an individual component, such as a positioner.

SUPPLIER SUPPORT

It also is important to have confidence that the system’s developer will stand behind the product and provide ongoing support and service, including adding new features and modules. The college student next door who is home for the summer may be a software development whiz; but he or she is not likely to be available come fall, let alone years down the road, to field technical questions and ensure a tool meets evolving needs. A wiser move would be to choose a strong provider committed to its product.

DATA INPUT

Because asset management is about the quality of data, the old adage “garbage in, garbage out” holds true. Data input and maintenance must be regular and accurate if a tool is to provide expected benefits. Some plant operators prefer to handle these tasks in-house. Those who do not have on-staff resources to accomplish these tasks faithfully, however, should consider other options. Some valve service providers offer managing their customers’ asset management systems as a value-added benefit at no additional cost. The end user still owns the data and links to that information, but the service provider handles the data entry and system maintenance.

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