Skip to main content

MESA International

Events
Courses
Product Bundles
MESA Home
Search
Cart 0
Sign Up
Sign In

Item Added to Cart

You just added

You have item(s) in your cart

  • Proceed to Checkout
  1. Courses
  2. MESA White Paper #57: Asset...

MESA White Paper #57: Asset Performance Management (APM) 2.0 - Guidelines for Goal Setting & Implementation Planning

APM 2.0 is an intelligence-based approach to continuously improve asset performance. APM 2.0 is implemented to achieve one or more strategic goals, e.g. improving RONA (return on net assets), removing unplanned downtimes and decreasing regulatory risks.

APM 2.0 is not a one-time initiative but a continuous improvement, cross-functional process across the enterprise that encompasses asset lifecycle management, asset intelligence management and industry standard data models for acquisition, storage, sharing/communication and extracting intelligence from asset data.

Multiple stakeholders (e.g. operations, IT, maintenance, finance) are involved in a collaborative manner during the implementation of APM 2.0, but the department/division with maximum stake/investment in realizing the goals must be the owner/driver.
Collaboration can be enhanced using tools such as the RACI diagram that identify conflicts in the roles and responsibilities to be resolved during implementation.

APM 2.0 implementation must drill down strategic goals into tactical and operational components/metrics tracked in real-time. Establishing a practically viable, bi-directional traceability between the strategic and operational levels is necessary to successfully track and achieve strategic goals.

Date Published: April 2017

Authors:

  1. Mike Williams
  2. Ananth Seshan, Fifth Generation Technologies India (P) Ltd.
  3. Karen Smiley
Reviewers:
  1. Peter Matthews, Durham University
  2. Jim Toman, Grantek
  3. Dennis Brandl, BR&L Consulting
  4. Eric Cosman, OIT Concepts LLC
  5. Mark Spafford, Anchorage Water and Wastewater Utility
  6. Kevin Christenson, Ford Motor Company
  7. Glen Green, Ford Motor Company

$0.00 - $50.00
Non-Members
$50.00
Basic Members
$50.00
Premium Members
$0.00
Items Included in the Purchase of this Course
Document Icon
$0.00 - $50.00
Non-Members
$50.00
Premium Members
$0.00
Basic Members
$50.00

MESA White Paper #57: Asset Performance Management (APM) 2.0 - Guidelines for Goal Setting & Implementation Planning

Document: MESA White Paper #57: Asset Performance Management (APM) 2.0 - Guidelines for Goal Setting & Implementation Planning

FREE SAMPLE White Paper #57 - Download here

Link: Free Sample: White Paper #57
  • Events
  • Courses
  • Search
  • Support
  • Sign Up
  • Sign In
  • Privacy Policy | Cookies Policy