What is SALVO?
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Scope & Objectives
| In line with guidance from the PAS 55 standard for optimized management of physical assets, there are three main levels of ‘granularity’ required for improving life cycle decision-making: | |
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| SALVO will improve our capability to address the fist two of these in a quantified, risk-based manner, and enable much better linkages and contributions to the third (i.e. ‘bottom-up justification and transparency for what needs to be spent, when and where). | |
Many individual components of the SALVO scope are already available and successfully used in various industries (see www.decisionsupporttools.com). Risk-based methods, for example, exist for asset criticality analysis, for optimising inspection and maintenance plans, for life cycle costing and even for the optimal bundling of tasks into shutdown opportunities or total work programmes. SALVO will draw on all these capabilities and provide a path to their integration and embedding within asset management systems, so optimised decision-making is a normal business process rather than the job of special analysts or experts.


