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Advanced Asset Performance Management (APM) and Asset Investment Planning (AIP) Systems

In: Digital Maintenance Management

Author

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  • Adolfo Crespo Márquez

    (University of Seville)

Abstract

APM products are delivering many valid strategies available for improving reliability and managing maintenance. These should not be thought of as “good” and “bad,” but rather as different approaches to the same overall issue, targeting different circumstances. The objective of APM within a maintenance strategy roadmap is to have a broad array of skills and tools and then to match the needs of different asset classes to those tools in a toolbox approach. AIP solutions aide rethinking asset strategies over replacing assets. A wide variety of organizations are seeing more complex revenue streams and are increasingly under pressure to do more with less, forcing them to rethink asset utilization. AIP systems take data from EAM and APM systems—primarily on asset’s health, criticality, and depreciation—and analyze the data to determine spending alternatives. AIP helps organizations make objective, data-driven decisions to optimize cost and minimize operational risk over the full investment life cycle of an asset, from predicting asset conditions to funding for repair, reallocation, or replacement. This Chapters describes these Apps.

Suggested Citation

  • Adolfo Crespo Márquez, 2022. "Advanced Asset Performance Management (APM) and Asset Investment Planning (AIP) Systems," Springer Series in Reliability Engineering, in: Digital Maintenance Management, chapter 0, pages 43-53, Springer.
    • Handle: RePEc:spr:ssrchp:978-3-030-97660-6_5
    DOI: 10.1007/978-3-030-97660-6_5
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