A performance management model for physical asset management
CITATION: Jooste, J. L. & Page, D. C. 2004. A performance management model for physical asset management. South African Journal of Industrial Engineering, 15(2): 45-66, doi: http://dx.doi.org/10.7166/15-2-204
The original publication is available at http://sajie.journals.ac.za
There has been an emphasis shift from maintenance management towards asset management, where the focus is on reliable and operational equipment and on effective assets at optimum life-cycle costs. A challenge in the manufacturing industry is to develop an asset performance management model that is integrated with business processes and strategies. The authors developed the APM2 model to satisfy that requirement. The model has a generic reference structure and is supported by operational protocols to assist in operations management. It facilitates performance measurement, business integration and continuous improvement, whilst exposing industry to the latest developments in asset performance management.
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