Asset Performance Management: Data Framework and Implementation Guide
I. Strategic Importance of Data in APM Business Value Drivers - Predictive Maintenance - Historical performance analysis for failure prediction - Real-time asset health monitoring - Optimized service scheduling - Asset Lifecycle Optimization - Cost-based replacement timing - Performance-driven upgrade decisions - Usage-based capacity planning - Risk Management - Data-driven risk quantification - Contextual risk assessment - Compliance verification II. Data Assessment Framework 1. Data Quality Dimensions Accuracy - Sensor reading validation against benchmarks - Maintenance record cross-verification - Error rate measurement and thresholds - Automated validation rules - Measurement device calibration Completeness - Asset registry coverage assessment - Critical parameter identification - Sensor c...