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Creating an Asset Restoration Plan from Scratch

When one or more assets require repair or replacement, you can create a plan that details the work to be done, the estimated costs, types of expenses (for example, capital and maintenance costs), and the distribution of costs over a number of financial periods. The plan can take into account the priority of each asset and expected benefits of making the improvements.
This topic explains how to create a plan from scratch.
For information about starting with the condition analysis and creating or linking to a restoration plan, see Creating an Asset Restoration Plan from an ACA.

To Create an Asset Restoration Plan from Scratch

1.
Select the Asset Health view on the Site or Asset window and then the Restoration Plans tab. This tab lists existing plans, for example:
Tip: Several table configurations are available for this tab, for example, spending plans by year and asset and spending plan expense details.
2.
Click New. The Create or Link to Restoration Plan dialog appears:
3.
Select from the site’s plan types. The type specifies the site, financial period type, and number of periods. It determines if expense details are supported on the ARP. It can also set the default plan and asset statuses.
4.
In the Starting period list, select the first year, quarter, or month in the restoration plan.
5.
Select the appropriate high-level asset. The Assets to include table is populated with the asset and its descendants.
6.
In the Assets to include table, select the assets to include in the plan.
7.
Click OK. The Asset Restoration Plan window opens to the Properties view, General tab. For example:
8.
Enter a title to identify the plan.
Tip: You can select a different plan type with the same financial period type and number of periods. For example, your organization might require two plan types, one that supports expense details and one that does not.
9.
The plan status is read-only. When you wish to change the status, click Change Status. The Change Restoration Plan Status dialog appears:
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Select the new status.
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Enter your comments.
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Click OK. The dialog closes and the status is changed.
10.
In the Equipment analyst list, select the employee who is developing the restoration plan.
11.
Select the Details tab to record the planned start and completion date for the planning process. You can also select the operating context for the asset as it relates to restoration planning.
12.
On the Project tab, you can add the analysis to a reliability project and associate the analysis with a project task. Reliability projects are typically used to organize and track analyses and objects. They usually use project tasks rather than work orders.
13.
Select the Description tab to add information.
14.
You are now ready to add spending plans for the assets. See Developing an Asset’s Spending Plan.