Asset Performance Management

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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.

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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
Senior Editor
Margaret Rouse
Senior Editor

Margaret 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 IT definitions have been published by Que in an encyclopedia of technology terms and cited in articles by the New York Times, Time Magazine, USA Today, ZDNet, PC Magazine, and Discovery Magazine. She joined Techopedia in 2011. Margaret's idea of a fun day is helping IT and business professionals learn to speak each other’s highly specialized languages.