The Asset Register is a combination of a Master Asset List, Master Equipment List, and Line List. It contains the information about each asset that forms the basis of all other functions of Newton. It is made up of 2 parts - the Asset Hierarchy and the Asset Attributes.
The Asset Register uses an Asset Hierarchy, which is a cascading series of intuitive identifiers to organize the assets. These defined parent-child relationships allow for planning, scheduling, and execution of field activities such as inspections or planned maintenance. The hierarchical structure allows for the smooth roll up of costs in a facility.
The Asset Hierarchy starts at the Facility Level. It is then broken down into Area, Unit, System, Sub-System, Asset, and finally Component.
There are a few key terms that are required when adding a new asset to the Asset Register.
The Equipment Tag Number is a unique alphanumeric code used to identify a maintainable equipment item, found of the piping and instrumentation diagram for the unit.
Functional Location is an alphanumeric code identifying the physical location of a maintainable equipment item.
The Equipment Label is an identification plate physically attached to a maintainable item to display Function Location and other important information.
Each asset will have some specific attributes attached to it. All components of an asset will share the following:
- asset description
- install date
- in-service date
- operating status