In order to function safely, reliably and at optimal production levels, companies need to define, communicate, implement and then re-evaluate an overall action strategies around assets and the specific risks that are mitigated.  Unnecessary actions or low value actions should be eliminated from the strategy.  Likewise, unacceptable safety, environmental and production risks must be addressed through additional investment in new or updated actions.

Meridium's Asset Strategy Management (ASM) solution provides a better way to manage asset strategies using a risk-based approach.  ASM provides a common methodology to define actions and their mitigated risks of any asset, providing the ability to evaluate existing plans with basic qualitative risk analysis that is both straightforward and easy to use.  Managers can validate existing plans or consider strategy options to update and implement plans which are more effective in managing risk.

Once risk strategies have been defined and validated, Meridium's Asset Strategy Implementation (ASI) solution provides a comprehensive tool to automatically deploy them to execution systems like EAM through an implementation package.  This allows for multiple strategies to be combined in a common package but implemented into various work management systems.  The implementation packages in ASI are tied directly to any revision made to the associated asset strategies in ASM which ensures that updates to the strategy are driven through to implementation.