Asset performance management (APM) encompasses the capabilities of data capture, integration, visualisation, and analytics tied together for the explicit purpose of improving the reliability and availability of physical assets. APM includes the concepts of condition monitoring, predictive forecasting and reliability-centred maintenance (RCM).

Key Requirements

• Reduce maintenance costs: Make data-driven decisions to reduce the cost of maintenance without impacting desired performance or risk.
• Effectively manage risk: With a complete view of asset health and risk across your operations, you can prioritize activities that allow you to effectively manage risk.
• Deliver predictable performance: Create a seamless connection between asset condition, strategy, defect elimination, and work execution to enable effective management of unplanned costs, mitigation of risk, and avoidance of catastrophic failure.