2 entries found for "Asset Performance Management"

Plant Management 101: Common Work Processes

by Michael Hurley, 3/3/2021

Tags: Asset Performance Management Data Collection Data Validation Mechanical Integrity Process Safety Management Reliability Risk Management Training Work Process

This article deals with the dysfunctionality found in many refineries, chemical plants, and other production facilities. This can lead a facility to not reaching its value and reliability goals. One of the main reasons for this dysfunctionality is facility departments not using a common asset management work process.

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Asset Value Management vs Asset Performance Management

by Michael Hurley, 2/16/2021

Tags: Asset Performance Management Mechanical Integrity Risk Based Inspection

VP of Technology, Mike Hurley, looks at the concept of Asset Value Management in the financial sector and compares it with Asset Performance Management (APM) with respect to our industry. He goes further to propose a new definition of AVM as applicable to the petrochemical industry and begins the conversation of AVM vs APM.

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