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P3 Asset Management, Incorporated

Oil, Gas, and Mining
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Overview

P3 Asset Management, we are a boutique consultant company who apply sound management practices, technical and financial judgement to decide what assets you need to meet your business goals, and then help acquire and logistically sustain the assets over their whole life, through to disposal. We deliver bottom-line benefits for clients: increased asset availability, reduced maintenance costs, improved resource utilization, extended asset life cycle, and reduced CAPEX. Through our comprehensive approach to maintenance strategy development, we have developed deep expertise in structured Master Data generation for all maintenance strategies and plans and the related data elements, such as assets and materials. Our process involves the deployment of consistent, hierarchal structures and master data elements, where agreed Taxonomy rules and quality standards are used to automatically generate consistency, accurate, complete, Master Data. Additionally, when companies know acutely where issues exist and prefer to take a narrower approach, we partner to analyze and address individual workstreams. Below are some example initiatives that we engage with our clients on: - Maintenance Work Management (e.g., work identification through work closeout) with a major focus on planning and scheduling. - Maintenance Optimization - Preventative maintenance Optimization (PMO) - Master Data Development (i.e., asset hierarchies and taxonomy) - Create new / change / delete - maintenance strategy datasets - Reliability Engineering (e.g., asset sustainability processes) - Material Management & Procurement (i.e., MRO) - Operations Driven Reliability (e.g., operator standards, operator care, operator maintenance) - Engineering (e.g., Life-Cycle Cost Analysis, RAM Studies, etc.) - High Performance Management (e.g., measures, KPI’s, dashboards, effective meetings, execution) - Training and Competency Assurance - Process Auditing to ensure objectivity and impartiality