Pictorial Illustration of the Iterative Nature of the Asset Management Program

PaR Nuclear’s Asset Management Program improves the safety and performance of on-site Fuel-handling Equipment and Outage-critical Cranes. The Asset Management Program consists of evaluating the ongoing status of the equipment and cranes, establishing appropriate preventive maintenance processes, and developing a Mobile Spare Parts Inventory plan. The equipment evaluation identifies parts with obsolescence issues, single points of vulnerability and life-cycle management issues. Component histories are reviewed as are past outage reports to determine compliance with current safety and performance objectives. A review of the current preventive maintenance plan and reassessment of part inspection requirements and frequency, component replacement schedule, spare parts inventory, and a relative risk assessment for each component provides the content for an improved preventive maintenance plan. The current inventory of on-site spare parts and the Mobile Spare Parts Inventory are reviewed and modified to support the other elements of the Asset Management Program.

The value of the Asset Management Program is in its important role in mitigating safety and downtime risks. The cost of implementing upgrades and repairs is often significantly lower than the cost of downtime during an outage and the cost of maintenance over the expected useful life of the equipment.