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Knowledge Center:
Develop, Implement and Measure: Raising An Asset Performance Management Program
Having worked in the industry for more decades than anyone would want to admit, it is now amusing to observe first-hand a fast-moving, high-technology company that has an abundance of younger people just entering their parenting years. For an individual like me who has been through “the program” with both children and grandchildren, the enthusiasm and innocence I see in these new parents is often quite humorous. Drawing a parallel between developmental milestones and reliability improvements, one engineer integrated his child’s sonogram into a presentation – but totally neglected the crucial KPIs: sleeping through the night and potty training!
Parenting is clearly a top down activity – left to themselves the little darlings would eat sugary cereal, watch too much TV, leave their junk around, go to bed late, and never, ever help with the routine chores. Standards of behavior and household chores must be established by an authority – mom and dad!
An asset performance management (APM) program shares many of the same characteristics with parenting. It must be a top-down process and management must establish and insist upon overall strategies, enforce standards of performance, drive behaviors and assure that tasks are accomplished with the right tools and on time.
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