Introducing Assets

Assets are configured using data collected for the physical Assets in an actual plant, factory or facility.

The Asset Tree hierarchy shows divisions within the plant or factory, from a general level down to the level at which costs need to be measured, which is referred to as the MSI (Maintenance Significant Item) level.

Each Asset is based on an Asset Type, which defines common properties relating to the type of Asset.

The actual values for the physical Asset's properties are configured and defined for the Asset, not the Asset Type.

Definitions

These definitions apply to Assets.

Term	Description
Asset	A unique/specific physical Asset in a factory or facility. Based on an Asset Type. Properties in each tab are inherited from the Asset Type, or added and modified specifically for the Asset. Configured in the Asset Tree.
Asset model	A physical Asset and its tree structure of Components and Tasks. Asset models are created and maintained in the Asset Tree. Inherits all items defined in the Asset Type model for the Asset Type on which the Asset is based. Items can be added and modified specifically for the Asset. Consists of: Asset Components Tasks linked to each Component Tasks linked to the Asset
Asset Tree	Hierarchical tree structure of all physical Assets in the Asset Register, and their Asset models.

Inheritance of Asset Type Properties

A physical Asset in the Asset Tree inherits all the properties of the Asset Type on which it is based.

Properties that are not relevant to a specific Asset can be overridden, and other properties that are only relevant to a specific Asset can be added.

This functionality is enormously powerful and reduces the amount of work required to implement and maintain the necessary structures.

Example

The properties that are common to all motors are configured once for the “Motor” Asset Type.

Physical motors in the plant or factory that are configured in the Asset Tree hierarchy inherit all the properties of the “Motor” Asset Type.

If all motors require an additional property then the property only needs to be added to the “Motor” Asset Type; all motors (physical Assets) in the Asset Tree hierarchy that are based on the “Motor” Asset Type automatically inherit the new property.

Business rules

Only users with the appropriate User Rights may change an Asset’s details.

Please note!

If the Sort Order parameter on the Tree Display Options window is set to “Sequence Number” then an Asset’s Sequence Number determines its sequence on the same level and with the same parent in the Asset Tree. Use the Sequence Number to view the Assets in a logical sequence.
Double-click on any item in the tree to open its edit window.
The use of Components and Tasks is optional but an Asset requires Components and Tasks to create Work Orders for work that must be done on Assets and Components.
If an item that has been added to an Asset model is not visible then refresh the tree structure at the next level up.
Click > next to an item to refresh the tree structure of child items below the item.
An item’s Alt. Description can be translated via Standard Phrases if words and/or phrases are captured between curly brackets. For example, “{Pumps}” or “{Check Alignment}”. Refer to ACCF > Master Data for Shared Configuration > Standard Phrases.
The Asset Register comprises Assets that provide structure in the Asset Tree, and Assets that represent physical Assets in the factory, plant or facility for which work history is kept.
Assets are all instances of the Asset Types on which they are based.
An Asset has the same structure as the Asset Type on which it is based and can be modified to suit the situation in a specific Site.

Maintenance history

Maintenance history is kept for Assets that are based on or derived from the following maintenance significant items in the Asset Type Tree.

Asset Types
In-place Asset Types
Asset Type Placeholders (for rotable items)
Linked Asset Types