Asset Performance Management

What Does Asset Performance Management Mean?

Asset performance management (APM) refers to the use of assets in order to realize business-specific goals. In business organizations, it is a framework that helps enable administrators to make good use of their physical assets. Different strategies are employed under asset performance management to maximize profits and reduce risk factors in a business.


Techopedia Explains Asset Performance Management

In addition to creating heightened awareness and visibility of assets throughout an organization, asset performance management also helps asset-intensive organizations such as manufacturing, utilities, oil and gas, etc., to get the greatest possible benefit from their pricey equipment budgets. It includes acquisition, incorporation, conception and analysis of data strategies to serve its purpose. A number of conceptual models have been presented by world leading business experts that include selective controlling of data, extrapolative forecasting and reliability-centered maintenance (RCM).


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Margaret Rouse

Margaret Rouse is an award-winning technical writer and teacher known for her ability to explain complex technical subjects to a non-technical, business audience. Over the past twenty years her explanations have appeared on TechTarget websites and she's been cited as an authority in articles by the New York Times, Time Magazine, USA Today, ZDNet, PC Magazine and Discovery Magazine.Margaret's idea of a fun day is helping IT and business professionals learn to speak each other’s highly specialized languages. If you have a suggestion for a new definition or how to improve a technical explanation, please email Margaret or contact her…