Asset Performance Management
Asset Performance Management, or APM, is the coordinated use of data, maintenance, reliability, condition, and risk information to improve asset outcomes.
What this term means in maintenance
Asset Performance Management, or APM, is the coordinated use of data, maintenance, reliability, condition, and risk information to improve asset outcomes.
What APM brings together
Asset Performance Management may combine:
- Asset hierarchy
- Work history
- Reliability metrics
- Condition data
- Failure analysis
- Risk
- Maintenance strategy
- Cost
- Production impact
- Lifecycle decisions
Practical example
A site combines vibration trends, failures, downtime, maintenance cost, and criticality to decide whether to redesign, overhaul, or replace a pump.
APM and CMMS
A CMMS controls maintenance execution and history. APM uses broader information to improve asset-performance decisions.
Typical outcomes
APM may support higher availability, reduced risk, optimized maintenance, improved energy performance, and better capital decisions.
Common mistake
Buying analytical tools without reliable asset data and disciplined work-order completion limits the value of APM.
Related concepts
Related maintenance terms
Keep exploring connected CMMS, reliability, and maintenance planning terms.
Asset Lifecycle Management
Asset lifecycle management is the coordinated management of an asset from need and acquisition through operation, maintenance, improvement, renewal, and disposal.
Equipment Reliability
Equipment reliability is the probability that an asset will perform its required function without failure for a defined time under stated operating conditions.
Maintenance Key Performance Indicator
A maintenance key performance indicator, or KPI, is a defined measure used to monitor whether maintenance processes and outcomes support business objectives.
Asset Performance Management FAQs
- What does APM stand for?
APM stands for Asset Performance Management.
- How is APM different from CMMS?
A CMMS manages maintenance execution. APM combines broader performance, risk, condition, and lifecycle information.
- What outcomes can APM support?
Availability, reliability, risk reduction, optimized maintenance, energy performance, and capital decisions.