The Asset Performance Group Inc. (APG),, is pleased to announce its endorsement by the Institute of Asset Management (IAM) to assess organizations interested in aligning to PAS-55 or achieving PAS-55 certification. This endorsement recognizes APG’s extensive experience in asset reliability and equipment performance management. “This new capability further enhances our ongoing commitment to our customers to provide processes and practices that will assist them in reaching the highest levels of excellence in asset management,” noted James Nesbitt, Senior Partner at APG. “With more and more scrutiny being placed on companies to manage their assets in a safe and environmentally responsible way, the need for standards and policies around asset integrity and performance are more important than ever before. Delivering these types of assessments will provide our clients a means to accurately identify significant gaps in their organization and ensure technical alignment to sustainable asset management.”

The PAS-55 assessment is applicable to asset intensive organizations that are just starting to develop an asset management strategy as well organizations that are at a medium to high maturity level and are committed to the full implementation and certification of PAS-55. APG is among the first companies to be recognized by the Institute of Asset Management.

PAS-55,, is the British Standards Institution’s (BSI) first Publicly Available Specification (PAS) for the optimized management of physical assets. PAS-55 is the recognized international specification that provides the framework for achieving sustainable, full life cycle asset management. The management of physical assets (their acquisition, operation, maintenance and disposal) plays a key role in determining the operational performance and profitability of industries that operate assets as part of their core business. Aligning to the framework of PAS-55 will enable your organization to obtain bottom line results in optimised performance, process compliance and responsible asset care. The assessment process will allow you to measure your current organizational readiness and build a strategy for world class asset management.

About APG
APG is a services organization with specialized expertise in reliability, maintenance management and asset performance improvements. APG’s experienced practitioners quickly deliver measurable results using well defined implementation methodologies built upon the PAS-55 framework. APG provides comprehensive training, coaching, facilitation, assessment, implementation and management consulting services to asset intensive industries across North America.

Upcoming Events

August 9 - August 11 2022

MaximoWorld 2022

View all Events
80% of newsletter subscribers report finding something used to improve their jobs on a regular basis.
Subscribers get exclusive content. Just released...MRO Best Practices Special Report - a $399 value!
Harmonizing PMs

Maintenance reliability is, of course, an essential part of any successful business that wants to remain successful. It includes the three PMs: predictive, preventive and proactive maintenance.

How an Edge IoT Platform Increases Efficiency, Availability and Productivity

Within four years, more than 30 per cent of businesses and organizations will include edge computing in their cloud deployments to address bandwidth bottlenecks, reduce latency, and process data for decision support in real-time.

MaximoWorld 2022

The world's largest conference for IBM Maximo users, IBM Executives, IBM Maximo Partners and Services with Uptime Elements Reliability Framework and Asset Management System is being held Aug 8-11, 2022

6 Signs Your Maintenance Team Needs to Improve Its Safety Culture

When it comes to people and safety in industrial plants, maintenance teams are the ones who are most often in the line of fire and at risk for injury or death.

Making Asset Management Decisions: Caught Between the Push and the Pull

Most senior executives spend years climbing through the operational ranks. In the operational ranks, many transactional decisions are required each day.

Assume the Decision Maker Is Not Stupid to Make Your Communication More Powerful

Many make allowances for decision makers, saying some are “faking it until they make it.” However, this is the wrong default position to take when communicating with decision makers.

Ultrasound for Condition Monitoring and Acoustic Lubrication for Condition-Based Maintenance

With all the hype about acoustic lubrication instruments, you would think these instruments, once turned on, would do the job for you. Far from it!

Maintenance Costs as a Percent of Asset Replacement Value: A Useful Measure?

Someone recently asked for a benchmark for maintenance costs (MC) as a percent of asset replacement value (ARV) for chemical plants, or MC/ARV%.

OEM recommended maintenance plans

One-third of CEO Terrence O'Hanlon's colleagues think so - at least as a starting point. What do you have to say?