{"id":14711,"date":"2019-02-27T11:00:41","date_gmt":"2019-02-27T19:00:41","guid":{"rendered":"https:\/\/www.palada.net\/index.php\/2019\/02\/27\/news-8460\/"},"modified":"2019-02-27T11:00:41","modified_gmt":"2019-02-27T19:00:41","slug":"news-8460","status":"publish","type":"post","link":"http:\/\/www.palada.net\/index.php\/2019\/02\/27\/news-8460\/","title":{"rendered":"How To Drive Real Results With An APM Strategy"},"content":{"rendered":"<p><strong>Credit to Author: Guest Blogger| Date: Wed, 27 Feb 2019 16:46:28 +0000<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-55177\" src=\"https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2019\/02\/2-27-2019-11-40-35-AM.jpg\" alt=\"\" width=\"662\" height=\"293\" srcset=\"https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2019\/02\/2-27-2019-11-40-35-AM.jpg 662w, https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2019\/02\/2-27-2019-11-40-35-AM-300x133.jpg 300w, https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2019\/02\/2-27-2019-11-40-35-AM-344x152.jpg 344w\" sizes=\"auto, (max-width: 662px) 100vw, 662px\" \/>Asset Performance Management is a discipline that covers a wide range of technology and processes. When executed effectively, asset performance management can enable dramatic improvements in a company\u2019s ability to achieve overall corporate objectives. A well thought out asset performance management strategy could include technology like\u00a0<a href=\"https:\/\/sw.aveva.com\/asset-performance\/asset-analysis\">predictive maintenance<\/a>,\u00a0<a href=\"https:\/\/sw.aveva.com\/asset-performance\/asset-maintenance\/augmented-operations-and-maintenance\">augmented and virtual reality<\/a>. Or it may involve in-depth risk analysis to understand the criticality of assets and draw correlations between reducing unscheduled downtime and improved plant throughput. The key to driving a result oriented and effective asset performance management program is to first develop a well thought out strategy.<\/p>\n<p>Before technology and processes are evaluated and adopted an\u00a0<a href=\"https:\/\/sw.aveva.com\/asset-performance\/asset-strategy\">asset performance management strategy<\/a>\u00a0must be developed and refined to meet overall business imperatives. Otherwise, companies may run into long, drawn out\u00a0<a href=\"https:\/\/sw.aveva.com\/blog\/predictive-analytics-pilots-that-work\">pilot projects<\/a>\u00a0requiring significant investment over several years that deliver no tangible results.<\/p>\n<p><a href=\"https:\/\/sw.aveva.com\/success-stories\/enterprise-asset-management-cf-industrial-fertilizer-plant\">Where is the return on investment<\/a>?\u00a0This is a critical concern a lot of companies are facing today when evaluating new technology.\u00a0An asset performance management strategy should combine\u00a0<a href=\"https:\/\/sw.aveva.com\/monitor-and-control\/industrial-information-management\">information<\/a>\u00a0and data with people, processes and technology to achieve maximum return on asset investment. Developing that strategy may require the involvement of external experts to analyse and evaluate the current state of the enterprise. It\u2019s important that these analysts and consultants understand topics that are critical to asset performance management such as:<\/p>\n<ul>\n<li>Asset Master Data Management<\/li>\n<li>Asset Performance Objectives<\/li>\n<li>APM Strategies<\/li>\n<li>Planning &amp; Preparation<\/li>\n<li>Workflow Management<\/li>\n<li>Inventory &amp; Procurement<\/li>\n<li>Monitoring &amp; KPI&#8217;s<\/li>\n<li>Cost Management &amp; Value Realization<\/li>\n<li>Structural Failure Analysis<\/li>\n<li>APM Organization<\/li>\n<li>Skill &amp; Knowledge Management<\/li>\n<li>Sourcing Strategy<\/li>\n<li>IT &amp; OT systems<\/li>\n<li>Continuous Improvement &amp; Audit<\/li>\n<\/ul>\n<p>With a deep background in these areas, expert asset performance management\u00a0<a href=\"https:\/\/sw.aveva.com\/asset-performance\/asset-strategy\/apm-consulting\">consultants<\/a>\u00a0can marry asset strategy to business strategy to achieve overall corporate objectives. The key here is understanding how these topics come together so that availability, cost, capacity, quality and\u00a0<a href=\"https:\/\/sw.aveva.com\/asset-performance\/asset-strategy\/risk-based-maintenance\">risk<\/a>\u00a0are all balanced in a way that meets key business imperatives. A well thought out asset performance management strategy goes far beyond traditional maintenance practices such as calendar based maintenance and MRO management. By leveraging\u00a0<a href=\"https:\/\/sw.aveva.com\/digital-transformation\">digital transformation<\/a>technology, an asset performance management strategy can be developed to drive meaningful impact to the enterprise\u2019s bottom line.<\/p>\n<p>Digital transformation in asset performance management has paved the way for businesses to further integrate their people, processes and technology. By leveraging technology that addresses the complete asset lifecycle, from design, build and procure, to operate and optimise, an asset performance management strategy can form the foundation for exceeding overall corporate goals and objectives. Learn more about digital transformation and how it\u2019s enabling new insights and opportunities with\u00a0<a href=\"https:\/\/sw.aveva.com\/asset-performance-management-4-0\">Asset Performance Management 4.0<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"author-bar float-container\">\n<div class=\"author-about\">\n<div class=\"author-liner\">\n<div id=\"attachment_55162\" style=\"width: 160px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-55162 size-thumbnail\" src=\"https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2019\/02\/2-27-2019-10-41-42-AM-1-150x150.jpg\" alt=\"\" width=\"150\" height=\"150\" srcset=\"https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2019\/02\/2-27-2019-10-41-42-AM-1-150x150.jpg 150w, https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2019\/02\/2-27-2019-10-41-42-AM-1-125x125.jpg 125w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/p>\n<p class=\"wp-caption-text\">Matt Netwon Senior Portfolio Marketing Manager<\/p>\n<\/div>\n<p><em><strong>Written by:<\/strong><\/em><\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p class=\"blog-author--bio-row\"><em>Matt Netwon is a Senior Portfolio Marketing Manager at <a href=\"https:\/\/www.aveva.com\/\">AVEVA<\/a>. With over 15 years of experience in the technology sector as an applications and systems engineer, Matt has extensive experience in supporting embedded platforms, automation systems, wired and wireless networking, network security technologies, and the Industrial Internet of Things.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p> <a href=\"https:\/\/ceraweek.com\/index.html\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-54563 size-large\" src=\"https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2018\/08\/marketing-communications-banner-1500x500-002-1024x342.png\" alt=\"\" width=\"1024\" height=\"342\" srcset=\"https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2018\/08\/marketing-communications-banner-1500x500-002-1024x342.png 1024w, https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2018\/08\/marketing-communications-banner-1500x500-002-300x100.png 300w, https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2018\/08\/marketing-communications-banner-1500x500-002-768x257.png 768w, https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2018\/08\/marketing-communications-banner-1500x500-002.png 1500w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a> <\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/blog.schneider-electric.com\/machine-and-process-management\/2019\/02\/27\/how-to-drive-real-results-with-an-apm-strategy\/\">How To Drive Real Results With An APM Strategy<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/blog.schneider-electric.com\">Schneider Electric Blog<\/a>.<\/p>\n<p><a href=\"https:\/\/blog.schneider-electric.com\/machine-and-process-management\/2019\/02\/27\/how-to-drive-real-results-with-an-apm-strategy\/\" target=\"bwo\" >http:\/\/blog.schneider-electric.com\/feed\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>Credit to Author: Guest Blogger| Date: Wed, 27 Feb 2019 16:46:28 +0000<\/strong><\/p>\n<p>Asset Performance Management is a discipline that covers a wide range of technology and processes. When executed effectively, asset performance management can enable dramatic improvements in a company\u2019s ability to&#8230;  <a href=\"https:\/\/blog.schneider-electric.com\/machine-and-process-management\/2019\/02\/27\/how-to-drive-real-results-with-an-apm-strategy\/\" title=\"ReadHow To Drive Real Results With An APM Strategy\">Read more &#187;<\/a><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/blog.schneider-electric.com\/machine-and-process-management\/2019\/02\/27\/how-to-drive-real-results-with-an-apm-strategy\/\">How To Drive Real Results With An APM Strategy<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/blog.schneider-electric.com\">Schneider Electric Blog<\/a>.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[12389,12388],"tags":[12730,21068,14966,15260,21069,12540,12508,12411,12548,12444],"class_list":["post-14711","post","type-post","status-publish","format-standard","hentry","category-scadaics","category-schneider","tag-asset-performance-management","tag-asset-performance-management-strategy","tag-augmented-reality","tag-aveva","tag-ceraweek","tag-digital-transformation","tag-machine-and-process-management","tag-oil-and-gas","tag-predictive-maintenance","tag-virtual-reality"],"_links":{"self":[{"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/posts\/14711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/comments?post=14711"}],"version-history":[{"count":0,"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/posts\/14711\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/media?parent=14711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/categories?post=14711"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/tags?post=14711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}