Asset performance management integrates technical and operating information to review the effectiveness of strategies. Indicators and failure analysis help set priorities and track actions.
An indicator is useful when its definition, source and purpose are shared. Comparing operating and maintenance records requires consistent criteria and interpretation grounded in the equipment's context.
Analysis should lead to verifiable decisions: review a task, investigate a failure or complete missing information. Follow-up allows the response to be checked and priorities adjusted.
The scope is defined according to asset condition, project stage and available information.
Asset objectives, indicators and available sources are connected. The review identifies calculation rules and responsibilities for updates.
These dimensions help explain failure frequency, the ability to provide service and restoration requirements. Their analysis requires definitions and information consistent with the asset's function.
Performance assessment enables the review of tasks, spares and investigation needs. Results are linked to specific actions and the evidence required to verify their effect.
Deliverables are agreed when the service is defined. The bases used, results and outstanding checks are documented so that the information can carry through to the next stage.
An initial review confirms what information is available and what needs to be completed. To prepare for that discussion, it is useful to have:
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