HOS201A - Design & Maintenance of Assets in Hospitality Industry

Verified

Added on  2023/06/11

|16
|753
|407
Presentation
AI Summary
This presentation provides an overview of asset design and maintenance (ADM) within the hospitality sector, emphasizing its importance in improving the safety, reliability, availability, and longevity of physical assets. It covers key areas of ADM, including strategy and reliability improvement, reliability planning and maintenance, control and execution, and monitoring and improvement. The presentation also highlights the prior knowledge requirements for effective ADM, such as understanding the current state of assets and model development, and discusses the processes involved, including prioritizing capital assets and forecasting asset replacement. Furthermore, it outlines the determinants of success, such as timely execution and data-driven decision-making, and the design criteria influenced by increased customer demands and technological advancements. The presentation concludes by stressing the importance of process, data, qualified personnel, and technology for successful ADM, recommending the adoption of an effective organizational structure, qualified staff, and timely execution of maintenance processes.
Document Page
Asset Design and
Maintenance
Name
Institution
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Scope of the Presentation
In addressing the concept of asset design and
maintenance, focus will be given to;
Introduction of the concept
Importance of asset design and maintenance
(ADM)
Key areas of ADM
Prior knowledge requirements and process
involved
Design criteria and determinants of success
Conclusion and recommendation
Document Page
Introduction
In the aspect of asset design and
maintenance (ADM)have definition changes
Definition: is a continuous improvement
strategy process of systems, processes,
facilities, and equipment (Dwight, & Zhang,
2014).
Aim: improving the safety, reliability,
availability, and longevity of a physical asset.
Document Page
Importance of ADM
Like any other constructions process, asset
design and management is essential in;
Knowing the assets an organization owns for
proper monitoring and maintenance
Evaluating the design criteria and the conditions
of their operation
Developing the asset programs and maintenance
care to ensure reliable performance of each asset
Importance: these activities help in cost
optimization in the asset operation
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Key areas of ADM
The implementation and
design of the overall
asset process is based
on four main areas
Strategy and reliability
improvement
Reliability planning and
maintenance
Control and execution
Monitoring and
improvement
Document Page
Maintaining a Hotel Facility
This success of the above process based on;
performance
capacity of the assets
Performance reliability
Product quality based on the functionality of
the asset
Understanding of the cost and associated
risks
Document Page
Prior Knowledge Requirements
To achieve an effective process of ADM, an
individual requires knowledge on;
- The current state of the assets (Dwight, &
Zhang, 2014).
Model development in target
The business case calculation of the assets
The implementation and sustenance changes
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Processes Involved
Document Page
Cont..
The effectiveness of the above process
requires the organization to;
Prioritize capital assets on the basis of the
strategic objectives
Forecast asset replacement, expansion, or
renewal
Funding requirements for the maintenance
Document Page
Cont.….
Benefits of continued
maintenance of the
design;
Better engineering design
levels can be achieved
Creation of high
reliability components
Elimination of failures
Evaluation of powerful
methodology for failure
cause removal and defect
elimination
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Determinants of Success
The successful execution of asset design and
maintenance depends on;
- Timely execution
- Thorough planning and analysis
Adoption of most effective data-driven
decision-making
Optimum delivery (Gilmore, 2009)
Document Page
Design Criteria
Organizations are pushed
beyond their asset design
capacity due to;
Increased customer
demands
Modification and diversity
Technological
advancement and
adoption
Stiff competition and
increased customer
preferences
chevron_up_icon
1 out of 16
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]