AAOM Handbook

Functional failure

The inability of any asset to fulfil a function to a standard of performance, that is acceptable to the user. For example, Pumping at a rate below the standard as described by the function statement. Source Physical Asset Management Definitions

Operating Parameters

These are the elements of the Production Strategy that can be changed in order to alter the performance of a process. They are; • Design specifications,

• Operating Time, • Operating Rate, • Feed quality, and • Output quality.

Operating Rate

The amount of product or service delivered by a process in a specified period of time.

Operating Time

The time in which the process is delivering its Purpose, eg a drill - drilling holes, a truck - moving material, a grinding mill - processing material etc. Operating time is different to running time, which may include periods where plant is running but not delivering its purpose.

Part

Each assembly of items within a Component where the most common service strategy will be replacement of the assembly on the functional failure of any item of the assembly (the simplest may be a single item).

Production Strategy

Defines the combination of Operating Parameters that will be adopted to deliver the Performance Targets for the Process.

Production Work

1. The activities directly involving transferring, transforming or storing goods or services within a process. For example: 2. in a mining/mineral processing environment; blasting, hoisting, stockpiling, grinding, smelting.

© McAlear Management Consultants 2004

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