performance indicators

Strategic Building of Key Performance Indicators: How We Made It? A Winning Case Study

Having representative key performance indicators (KPIs) is important in gaining needed control to assure fulfillment of achievement for organizations and stakeholders’ goals and needed values. But they are only useful if we succeed to identify the right ones for our business and processes. They will only deliver critical information and targeted outcomes if we built them by strategic, meaningful, simple top-down approach.

Asset Management

Why Maintenance Cost to Asset Value Ratio Is Not a Good Benchmark

A commonly used benchmark for maintenance activities is the ratio of maintenance cost to asset value (MC/AV). Some medical equipment maintenance professionals also claim MC/AV to be the best or most reliable benchmark. Maintenance cost includes both scheduled (often erroneously called preventive maintenance) and nonscheduled (i.e., repairs) maintenance costs, whereas asset value has various interpretations. This article challenges the validity of MC/AV as a benchmark or even a key performance indicator for maintenance activities in most, if not all, industries.

Work Execution Management

Argo Consulting

Argo is an operations improvement consulting firm that breaks through the traditional barriers of the consultant-client relationship. We are hands-on consultants who deliver real results and no excuses.

performance indicators

Harnessing Actionable Data: Establishing KPIs for Asset Management Success

News: Eliminate Data Gaps and Achieve Optimum Plant Performance

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

Strategic Building of Key Performance Indicators: How We Made It? A Winning Case Study

Asset Performance Management Defined

Why Maintenance Cost to Asset Value Ratio Is Not a Good Benchmark

Argo Consulting

Cohesive Solutions Inc. Announces New Propel™ Integration with IBM Maximo

Metrics vs. KPIs: Lessons from “Alice in Wonderland”