An Asset Performance Management Self-Evaluation Checklist for Organisations
In the race to increase productivity, optimise performance, and keep their assets delivering at peak levels, companies need all the help they can get. One of the most powerful tools available to us as ‘Maintenance 4.0’ carries us into the future is Asset Performance Management (APM).
You may be wondering how effective your organisation’s current APM strategy is and if/how you can improve it going forward.
An APM maturity model approach can help. It offers a systematic way to evaluate asset management processes, technologies, capabilities, and systems. It involves continuous benchmarking that allows organisations to:
The APM maturity model consists of five levels, each characterised by a set of capabilities. The first stage of the maturity curve encompasses manual or unmanaged processes for asset management. The last stage represents an optimal operating level of industrial assets.
The checklist below will help you identify where your operation falls on the maturity curve. Consider each line item and whether it accurately describes your current situation. Once you have a sense of your level, you can determine how to proceed in terms of process, technology, and governance. Making the climb up the maturity levels will support your organisation in achieving the best APM outcomes. More on that from us in the coming weeks!
Processes are reactive and ad hoc. Success is unpredictable and unrepeatable.
Successes are repeatable in some cases. Basic maintenance management is in place.
Processes are established and regularly improved upon. Consistency exists across the organisation.
Capture equipment data, be alerted to abnormal behaviour, and analyse machine condition 24/7- https://learn.movus.com.au/trial
Measurement and processes are granular. Performance is qualitatively and quantitatively predictable.
Processes are nimble and continually improved. Technological innovations accelerate change and learning.
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So, where does your organisation rank? Have you found some questions you don’t yet have the answer to? Noticed anything that you need to improve upon? If you’re looking to level up, MOVUS and its partners can support you in a number of ways. Reach out here to discuss your requirements with our team of specialists.
Image sourced from: https://rapidminer.com/blog/iiot-implementations-in-manufacturing/