Asset Performance Management is a step beyond Enterprise Asset Management through advances in open technologies, fieldbus integration, and information technology. Neil Cooper, Invensys Process Systems' APM programme director, explains. Although hydrocarbon processing operations are extremely complex, in recent years there has been a tendency to over-simplify the role of asset management. To many plant-level professionals, the term asset management is synonymous with equipment maintenance or field device management. But to business managers responsible for process manufacturing operations, asset management implies the effective deployment of all assets within their operational domain to meet business objectives. In a refinery, assets include: plant equipment, energy, raw material, products, people, facilities, automation, instrumentation, information, and even time.
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