Performance indicator ABCs

Identify a small set of asset management metrics that motivate and align workers with predefined success goals.

• With too few, improving one may degrade another
• Too many leads to possible errors and too wide a focus
• Wrong measures increase operational risk

Measures to be maximized:

• Availability.
• Utilization.
• Performance.
• Reliability.
• Quality of output.

Measures to be minimized:

• Total cost of ownership.