Articles - AIM

The key to success for any asset integrity management (AIM) program lies in the development of its workflow process. For owner operators of plants, pipelines, and facilities, efficient and seamless inspection data management is key. The more effective the workflow and its application, the more reliable the equipment – reducing the chances of costly shutdowns or unnecessary repairs.

Technology in the asset integrity management (AIM) sector is now more advanced than ever. Risk-based inspection planning, seamless connectivity between software platforms, real-time monitoring and alerts of asset performance conditions, and the ability to synchronize inspection work from the field form a small sampling of the technology available to operators of plants, pipelines and facilities today.

For owner operators of asset intensive corporations, a primary challenge is often that of budget allocation. Specifically: How can I garner the most profitability from my assets within the confines of the budget resources available to me?

In our first article of this series, we examined the differences between the terms Asset Performance Management (APM) and Asset Integrity Management (AIM). That article took a quick look at the differences between the two terms at a high level. Today, we are taking a deeper look into the components of the two terms and how they complement each other for ultimate profitability, both for owner operators and for shareholders.

By now, the benefits of utilizing a comprehensive Asset Integrity Management (AIM) software have been firmly established. Yet, an AIM product is only as good as the sum of its parts. One of the key elements of any AIM software – indeed, the building block from which it is formed – is one of the least discussed. Namely: Integrity Manuals (IM).

When it comes to asset integrity management (AIM), few sectors are as comprehensive and in need as the pipeline industry. With potentially hundreds of miles of pipeline segments, a multitude of different assets across initial gathering and process facilities, and the exorbitant amount of data captured from the initial pipeline construction through the asset’s lifecycle, it is no wonder that an entire market of products exists with the sole purpose of managing pipeline integrity. In fact, many owner operators of pipelines today utilize such programs, called Pipeline Integrity Management Systems (PIMS), for their mechanical integrity needs.

Two “buzz terms” have been floating around in the world of asset management recently: Asset Performance Management (APM) and Asset Integrity Management (AIM). Semantically, they appear to be very similar. Indeed, that has led to a lot of confusion throughout the industry. Professionals from asset-intensive organizations are often asking: What are these terms? Do they mean the same thing? If not, what’s the difference? Why should I care?