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Asset Condition Management versus Asset Health Index

Asset Condition Management versus Asset Health Index

Reliabilityweb.com

In the non-stop reliability research being done around the Reliabilityweb.com network, we have discovered a few Reliability Language Issues that may be important to gain some distinction that support advancing reliability and asset management in a more effective and/or efficient way in alignment to Uptime Elements Reliability Framework and Asset Management System



Uptime Elements Implementation Guide: Enabling the Reliability JourneyUptime Elements Implementation Guide: Enabling the Reliability Journeyreliabilityweb.com


Language issue identified:

Asset Health Index versus Asset Condition Management



Asset Health Index versus Asset Condition ManagementAsset Health Index versus Asset Condition ManagementTerrence O'Hanlon



1) Asset Health is a lagging indicator - and a noun - a description.


2) Asset Condition is a leading and lagging indicator - a noun and verb [action]


3) Do you want to influence the lagging indicator [asset health]? You better have a predictive leading indicator like asset condition.


4) Asset Condition Management - managing the condition of your asset for an outcome of Asset Health - in alignment with organizational objectives.




RELIABILITY 4.0 Core vitalsRELIABILITY 4.0 Core vitalsReliabilityweb.com


I have a discussion open on LinkedIn here if you care to advance this topic. - Terrence O'Hanlon

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Terrence O'Hanlon

Terrence O’Hanlon, CMRP, and CEO of Reliabilityweb.com® and Publisher for Uptime® Magazine, is an asset management leader, specializing in reliability and operational excellence. He is a popular keynote presenter and is the coauthor of the book, 10 Rights of Asset Management: Achieve Reliability, Asset Performance and Operational Excellence. www.reliabilityweb.com

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