FAARMS(Facilities And Assets Risk Management System)

2008-04-21

Contents

• What is FAARMS (Methodology)?

• FAARMS Application Development

• Auditing Process

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FAARMS is an objective asset

auditing methodology supported by a

global database tool that records the

complete history of an asset condition and associated risks and physical

condition through multiple objective

audits.

What is FAARMS

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In short, FAARMS assists clients to manage assets

so that the life of assets can be extended with

minimum maintenance cost.

Actions out of FAARMS is sorted according to

priority defined by RISK (Likelihood \

Consequence) and condition rating.

This allow client to budget for next financial year

only on the critical items.

Why FAARMS

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Condition Assessment through defects

Defects are categorised into type and severity.

Allows reporting to general condition

Risk Assessment

• Usually based on client risk assessment

system

• Likelihood and consequence of failure

scenario

• Consequence based on injury, operational

impact or business impact

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Failure Mode

• Identifies likely type of failure

• Allows general reporting function

• Identifies scenario for risk assessment

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Action Type

• Allows reporting on type of action

required.

• Assists in developing packages of work for

construction contracts

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Global Access to FAARMS system

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Summary of FAARMS

FAARMS is a proactive and cost effective

approach to extent the life of physical

structural assets for corporate clients with

large facilities. This is done through repeated

structural audits based on an objective

condition and risk methodology.

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Auditing Process

The following process outlines the

auditing process for structures:

• Project/Client set up (Once off process)

• Site Inspection– Reporting on Site

– Reporting in office

– FAARMS Entry

– Issue Report

• Design (as required)

• RepairFA

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Client Set up

Each client requires set up for the first audit to be entered. Information includes:

– Client contacts

– Disciplines

– Defect categories and severities

– Failure Modes

– Risk configuration

– Priorities

– Action Type

– Status codes

– Package type

– CostsFA

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Reporting on Site

On site the following things are noted:

• Identify condition and assign item

• Condition statement

• Proposed action

• Preliminary risk assessment

• Photograph of area

• Locate item on drawing

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Reporting in office

After the site work is complete further

information is added to the data. This

includes:

– Defect Category

– Defect severity

– Failure Mode

– Final risk assessment

– Revise site comments and information

– Action type and code

– PriorityFA

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Issue Report

• After information is entered into FAARMS

the report can be extracted automatically

into Excel for review and final editing

before it is issued to the client

• Standard Report formats can be easily

customized to meet client requirements

• Add final Word document introduction and

Appendices

• Attach Final PDF Report to FAARMS

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Issue Report

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Standard excel report templates can be customized using standard Excel

Final Report output in Excel

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Final Report output in Excel

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