Defining objectives
Define your organization's tactical initiatives as objectives. Tactical initiatives are short-term goals that help an organization achieve its strategic, long-term goals. The expected results and when the results are expected will be specifically stated. For example, an objective can be a tactical initiative to reduce electrical consumption at a facility by a specific amount and by a particular date.
- Select Equipment > Additional Features > Asset Management Policy > Objectives.
- Click New Record.
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Specify this information:
- Organization
- Specify the organization to which the objectives belong.
- Objective
- Specify a unique code identifying the objective, and then specify a description of the objective in the adjacent field.
- Strategy
- Specify the strategy to associate with the objective. A strategy may be associated with multiple objectives. The system populates the strategy description.
- Objective Statement
- Specify an objective statement that explains how your organization plans to achieve the goal. The objective statement cannot contain more than 4,000 characters.
- Currency
- Specify the currency for the objective.
- Approved By
- Specify the name of the person responsible for approving the objective.
- Date Approved
- Specify the date the objective was approved.
- Out of Service
- Select if the objective is currently not being used. If you select Out of Service, the objective will not appear in the lookups for objectives on other forms.
- Target Type
- Select the target type for the objective. You can select target types for these target types: asset performance, energy, and waste.
- Target Subtype
- Select the target subtype, depending on the selected Target Type.
- Reliability Calculations
- Select the reliability calculations. If the target subtype is reliability, you can select the reliability calculations.
- Parameters
- Select the parameters. You can select parameters for these reliability calculations: Crow-AMSAA Individual Events, Crow-AMSAA Cumulative Events, Weibull Individual Events, and Weibull Cumulative Events.
- Conversion Type
- Select one of the conversion type options:
Option Description EPA 2007 Select if the objective was designed to help reduce factors that contribute to environmental damage as a result of the EPA 2007 plan. Defra 2009 Select if the objective was designed to help reduce factors that contribute to environmental damage as a result of the Defra 2009 plan. - UOM
- Specify the unit of measure for the objective.
- Category Options
- Select the category option.
- Baseline Date Range From Date/To Date
- Specify the beginning and ending dates with which to compare the final results to determine if an improvement was made.
- Kickoff Date
- Specify the date the objective begins.
- Goal Date
- Specify the date the objective ends.
- Baseline Amount
- Specify the baseline amount before the objective is implemented.
- Change Amount
- Specify the expected change in the amount after the objective is completed. The system calculates Days, Target Amount, and Target Change %.
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Specify this ranking information:
- Lock Ranking Values
- Select this check box to protect the other ranking fields in the Ranking Details section.
- Equipment Ranking
- Specify the equipment ranking for the objective.
- Refresh Every
- Specify a numerical value for how often the equipment ranking should be calculated. For example, you can specify that the equipment should be calculated every 30 days
- Refresh Every UOM
- Specify the length of the interval of time to pass before the equipment ranking should be calculated. For example, you can specify that the equipment ranking should be calculated by days, week, or months.
- Next Refresh
- Specify the date that the equipment ranking should be calculated.
- Refresh Sequence
- Specify the order in which this equipment ranking should be calculated. For example, if you specify 1 for this equipment ranking and 2 for another equipment ranking, this equipment ranking will be calculated first.
- Click Save Record.