Performance indicator ABCs

    Oct. 2, 2004

    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.

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