Many asset managers and maintenance managers like benchmarking as it allows them to compare themselves with peers in the industry. More importantly, it offers a way to assess how well their department and business are doing and how much it will have to improve to reach targets. Asset performance management (APM) and maintenance have many well-known and well-used benchmarks to evaluate the state of asset performance and to unlock improvement potential. However, the catch is that a bare number does not hold much value without a business context. MaxGrip consultants Ernstjan Meinen and Justin Satink share four asset performance benchmark examples and explain with site assessment examples how context influences results.
If you want to improve the performance of your assets and lower Total Cost of Ownership, it is essential to go beyond maintenance and look at more connected dimensions within an organization. Therefore, at MaxGrip we assess fourteen APM competences belonging to one of three dimensions: management, asset reliability and maintenance execution. In our 25 years experience in Asset Performance Management and maintenance we know that this gives a full and balanced picture of the current APM maturity level and state of a plant. Our extensive database of projects around the world serves as the baseline for the discussed asset performance benchmark.