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Deliver service levels. Manage cost and risk. Improve performance across your asset base.

Optimizing the future of power

Service and asset availability, cost, efficiency, safety and environmental impact are all key drivers to ensure the successful provision of power generation. One of the biggest controllable variables in delivering performance is equipment availability and capacity. 

The challenge is to determine and deliver the best balance of risk, cost and performance from all assets.

Effective Asset Strategy Management - a fundamental pillar of asset management - enabled by people, technology and data, delivers consistent and justified asset maintenance strategies to an entire asset base, ongoing. Helping the power industry achieve the idea balance of cost, risk, and asset performance.

What is Asset Strategy Management?

ASM is a structured process enabled by technology that manages reliability strategy over time to ensure that the optimal strategy is on every asset and in alignment with the performance goals of the organization at all times.


The three phases of ASM

Breaking down the process into these core elements works for both an initial implementation and ongoing.

BUILD - Set the structure for reliability strategy and develop baseline, optimal reliability strategies for each equipment type for a given criticality.

DEPLOY - Once you have a baseline FMECA based reliability strategy for each asset type you are ready to deploy the baseline reliability strategies.

SUSTAIN - Governance of asset reliability strategies ensures compliance and drives continuous improvement of the maintenance plans employed on all assets - ongoing.

Are you tackling these key initiatives?

The Digital Transformation is a hot topic for the Power sector. But what exactly does it mean and how can you ensure you've set a solid foundation for the digitization of Asset Management?

The technology we use is always improving, but without improving asset reliability strategies and then updating associated maintenance plan master data, many EAM system upgrades or consolidation efforts, fail to deliver a tangible result.


A central source of truth for your asset reliability strategies just makes sense, but organizing and structuring relevant data from multiple different sources doesn't have to be a headache.


Reliability goes beyond handover of a maintenance build project. Done right, it's possible to establish a foundation for ongoing strategy alignment and optimization across the life of your assets, while delivering a cost-balanced maintenance build. 


APM can play an important role in your overall reliability strategy, but it won't proactively structure your asset maintenance strategies which is the biggest driver of asset performance. That is where Asset Strategy Management (ASM) comes into play.


Icon Water Adopts Sustainable Approach to Asset Management

  • 700,000 asset strategies developed in 14 weeks
  • Efficient Master Data generation with 20,000 work orders or activities loaded into CMMS
  • Leading-practice approach meeting with ISO 55000

Learn from Reliability experts in Power Gen

TransAlta Builds a Solid Foundation of Operational Integrity

Asset Management and Fleet Reliability at ENMAX

The Complete Guide to Asset Strategy Management

If it's your job to develop and deploy reliability strategies to maintain healthy assets and equipment at the lowest cost to your business - this is an essential guide.

        GET THE GUIDE        

Explore more reliability resources

A Guide to Asset Performance Management vs. Asset Strategy Management


Gartner's Market Guide for Asset Performance Management

Reliability Improvement: It's a Process Not a Project

Use Cases: Asset Strategy Management Applied in Industry