A conceptual framework for an agile asset performance management process

Purpose Disturbances in terms of major crises such as pandemics, fluctuations in demand and oil price, energy consumption and supply chain can significantly impair the maintenance programs effectiveness and efficiency. Hence, there is an urgent need for an agile asset performance management (AAPM) framework. Design/methodology/approach This paper's main objective is to design a comprehensive framework for an AAPM system that sustains the desired asset performance by reacting efficiently, quickly and intelligently to the changes in the operating context parameters and asset health conditions. Such a framework is adaptive to changes in scenarios and aims to systematise the decision support process, considering different objectives. Findings The development of the proposed framework has led to identifying an innovative way of seamless integration between crucial reliability and asset management tools. Also, the methodology implementation is expected to promote the practical use of its reliability tools and enable asset stakeholders to break silo working for clear communication around asset performance. Originality/value The implementation of the AAPM framework follows a new approach developed during this research and coined by the authors as the 8S approach.

Automated summary

This paper aims to design a comprehensive framework for an Agile Asset Performance Management system to effectively respond to major crises such as pandemics and fluctuations in demand, improving asset performance. The framework is adaptable to different scenarios and aims to systematize decision support processes to break silo working and promote clear communication among asset stakeholders.