IMPROVING PRACTICES, LEADING PERFORMANCE
To secure any companies’ future, it is essential to be a leading performer and be ranked in the top quartile of all companies in their industry. Leading performance in safety, production, costs and risk management are all essential.
Delivering sustained leading performance requires all stakeholders and individuals involved in asset management to accept the challenge to continually improve how they work and to then embed those effective practices into their business.
From an Asset Management perspective, this means improving practices across all phases of an asset’s lifecycle from asset planning to asset design and acquisition, to operation and maintenance, to disposal and renewal.
Improving practices and maturity in asset management enables the right decisions to be made over the life of an asset to ensure leading performance in safety, production, costs and risks. For example, which asset to buy, how many are needed, how best are they maintained and operated, what should the workforce look like, what infrastructure is needed to support them, what should the budget be, what should the supplier contracts be, when is the optimum time to replace each asset.
By continually improving asset management practices, the company can over time achieve and sustain leading performance from its assets will not only be delivered but sustained.
Implementing a purpose-built Asset Management Framework is the vehicle to improve practices and to accelerate a company towards leading performance.
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