October 2005

Asset Management

A road map for creating competitive advantage from asset performance improvement

As companies become experts in launching and completing these initiatives, they share and manage knowledge more effectively and create value that transcends what was initially envisioned

Humphries, A., Akzo Nobel Catalysts LLC

Just as it is in real estate and on Wall Street, asset performance in industry is first and foremost about financial performance. In an industrial environment, asset performance can be dimensioned into families of financial drivers to optimize collectively for maximum performance of physical assets such as plant, property and equipment. This article describes the key measures of asset performance for industry and outlines a proven approach for enhancing performance. The goal is to enable readers to chart their own course for creating competitive advantage from asset performance improvement. The map. Fig. 1 depicts the dimensions of industrial asset performance. While there are numerous

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