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Application of performance measure frameworks for improving asset utilisation
conference contributionposted on 2017-12-06, 00:00 authored by Richard EgelstaffRichard Egelstaff, Gopinath ChattopadhyayGopinath Chattopadhyay
Identification of key performance indicators for asset performance is extremely important. Operations of any large service industry can be divided into various areas such as: waste management; remediation; utilities; facilities management; industrial maintenance; and communications. Growth in those areas can occur in an ad-hoc manner with each business developing and maintaining its own performance measures. Over the years this can become a collection of disjointed and cumbersome systems reflected through various operational methods and computer applications. This paper defines key performance indicators and how to measure those indicators as a consequence of organisational learning and overarching frameworks. The relationship between these measures and incidents of innovations and their impact upon asset utilisation is also explored. In addition it identifies through meta-model processes and occasions that have positive impact on the business. An illustrative example of a large international service company is used to explain how this may be applied for improvement of asset management.
Category 4 - CRC Research Income
Parent TitleProceedings of COMADEM 2008 : the 21st International Congress on Condition Monitoring and Diagnostic Engineering Management, Prague, Czech Republic, June 11-13 2008.
Number of Pages11
LocationPrague, Czech Republic
PublisherCzech Society for Non-Destructive Testing
Place of PublicationBrno, Czech Republic
External Author AffiliationsFaculty of Sciences, Engineering and Health; Institute for Resource Industries and Sustainability (IRIS);