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.