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Contents

Foreword: The Emergence of a Necessity

Preface

The Structural Approach to the Book: The Matrix of Methodological Elements Associated with the Life Cycle Segments of Assets

Acknowledgments

PART I

THE PROJECT PHASE OF INDUSTRIAL ASSETS

CHAPTER 1

Demystifying the Project Phase

1.1 The Rise of a Praxis

1.2 Designing: A “Distinct” Activity

1.3 Decision-Making in the Preoperational Phase: Atony Comes at a Cost

1.4 An Opportunity for Improvement in Asset Design

CHAPTER 2

Reimagining the Procurement Function

2.1 The Fixation on Cost

2.2 Outsourcing and Accountability

2.3 Changing the Terms of the Procurement Function

CHAPTER 3

FEED, RAMS, and Cost-Effective Availability

3.1 The Input of Front-End Engineering and Design

3.2 The Limitations of the RAMS Approach

3.3 Cost-Effective Availability and Optimization: The FEEDMAN Protocol

3.4 Key Factors of the Profitable Availability in the Project Phase

3.5 FEEDMAN—FEED Aligned with Asset Management

PART II

BUILDING ASSETS AND PREPARING THEM FOR THEIR LIFE CYCLES

CHAPTER 4

From the Preoperational to the Operational Phase Construction and Installation

4.1 Construction and Operations: Back to the Start

4.2 An Opportune Moment

4.3 Reliability: The DNA of Industrial Assets

CHAPTER 5

From the Commissioning of Assets to Their Operational Maintenance

5.1 Commissioning and Maintenance: Between Two Worlds

5.2 The Industrial Diapason

PART III

The Operational Life

CHAPTER 6

What Is the Operational Life?

6.1 Maintenance and Asset Management: A Necessary Partnership

6.2 Life Cycle and Alignment

6.3 I Leap One

CHAPTER 7

Operational Reliability

7.1 Reliability: “The Rearview Mirror and the Windshield”

7.2 Demystifying MTBF—Mean Time Between Failures

7.3 Reliability and Professional Behavior

CHAPTER 8

Risk and Its Management

8.1 Monetizing Risks: Stakes and Originality

8.2 What Type of Management for Risk?

8.3 Consented Risk Optimization

8.4 The Language of Risk

8.5 International Benchmarking: A Bittersweet Experience

CHAPTER 9

Operation and Maintenance

9.1 Of the Usefulness of Monetizing Risk

9.2 The Role of Trade-Offs in Asset Management

9.3 Managing Uncertainty

9.4 Useful Life and Mature Life

PART IV

The End-of-Life

CHAPTER 10

Asset Modification and Maintenance

10.1 Loving Care: The Stakes of Therapeutic Obstinacy

10.2 End-of-Life Threshold: A New Indicator for Profitable Operations

10.3 The Stubbornness of Degradation Kinetics

CHAPTER 11

Asset Replacement and Disposal

11.1 Extracting Value from Assets: Until When?

11.2 All Assets Are Mortal

Conclusion

Notes

Bibliography

Figures Index

Index