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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