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1. Asset Utilization: This measures the productivity of an asset, such as equipment or machinery, by comparing the actual output to the maximum possible output over a period of time. This KPI helps identify whether an asset is being used to its full potential or if there is room for improvement.

2. Asset Downtime: This measures the amount of time an asset is unavailable due to maintenance or repairs. Reducing downtime is important as it can result in increased productivity and revenue.

3. Maintenance Cost: This measures the total cost of maintaining assets over a period of time. This KPI helps organizations identify potential cost savings by optimizing maintenance schedules or implementing preventative maintenance practices.

4. Asset Lifespan: This measures the expected lifespan of an asset compared to its actual lifespan. By tracking this KPI, organizations can identify assets that may need to be replaced or repaired more frequently than expected, allowing for better budget planning.

5. Return on Assets (ROA): This measures the profitability of an organization's assets by comparing the net income generated by the assets to the total value of the assets. This KPI helps organizations identify whether their investments in assets are generating sufficient returns.

6. Asset Tracking Accuracy: This measures the accuracy of an organization's asset tracking system, such as RFID or barcode systems. This KPI helps organizations ensure that assets are being properly tracked, reducing the risk of lost or stolen assets.

7. Asset Health: This measures the overall health of an asset, such as its operational status or condition. This KPI helps organizations identify potential issues before they become more serious, allowing for proactive maintenance and repairs.

Highlighting one we are tracking using our Dash board.
Further PM compliance,
Further we creating for continuous improvement
High Cost item
High Main cost 
High Manpower cost 
Take 1 or 2 item from above to do RCA and optimize the cost and bring the impact in your organization

------------------------------
Basit Khan
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Original Message:
Sent: 04-29-2023 01:50
From:
Subject: Asset management KPIs

1. Asset Utilization: This measures the productivity of an asset, such as equipment or machinery, by comparing the actual output to the maximum possible output over a period of time. This KPI helps identify whether an asset is being used to its full potential or if there is room for improvement.

2. Asset Downtime: This measures the amount of time an asset is unavailable due to maintenance or repairs. Reducing downtime is important as it can result in increased productivity and revenue.

3. Maintenance Cost: This measures the total cost of maintaining assets over a period of time. This KPI helps organizations identify potential cost savings by optimizing maintenance schedules or implementing preventative maintenance practices.

4. Asset Lifespan: This measures the expected lifespan of an asset compared to its actual lifespan. By tracking this KPI, organizations can identify assets that may need to be replaced or repaired more frequently than expected, allowing for better budget planning.

5. Return on Assets (ROA): This measures the profitability of an organization's assets by comparing the net income generated by the assets to the total value of the assets. This KPI helps organizations identify whether their investments in assets are generating sufficient returns.

6. Asset Tracking Accuracy: This measures the accuracy of an organization's asset tracking system, such as RFID or barcode systems. This KPI helps organizations ensure that assets are being properly tracked, reducing the risk of lost or stolen assets.

7. Asset Health: This measures the overall health of an asset, such as its operational status or condition. This KPI helps organizations identify potential issues before they become more serious, allowing for proactive maintenance and repairs.

Highlighting one we are tracking using our Dash board.
Further PM compliance,
Further we creating for continuous improvement
High Cost item
High Main cost 
High Manpower cost 
Take 1 or 2 item from above to do RCA and optimize the cost and bring the impact in your organization

------------------------------
Basit Khan

Original Message:
Sent: 04-29-2023 01:50
From:
Subject: Asset management KPIs

The KPI (Key Performance Indicator) is an instrument that documents progress to goal. So, before a KPI is built, the goal must be identified. That goal must have a line of sight to company or enterprise objectives (the AIM).

I assume that by 'power plant' you are referring to an electric generating station. Some KPIs can address uptime, extending MTBF, the ratio of planned versus unplanned work orders, environmentally sound asset operation, the volume in number of parts and their total cost MRO spares, the number of new CRLs, a reduction in the number of recurring unplanned defects, how many lubrication routes are performed using ultrasound testing, etc.

Whatever the KPI, please check that it aligns with corporate goals and objectives. This helps to acquire, cultivate, and maintain executive sponsorship.