Criteria For Assessing
Maintenance Performance
The outcomes of
effective asset maintenance include:
- A long-term reduction in life cycle
costs
- Better asset performance and service
- The optimisation of asset life
- Improved public perception of
the asset’s service and safety standards
These outcomes can generally be monitored
and reported through the use of performance measures.
Typical indicators can be derived from
such measures as the asset’s availability, its operational
performance in relation to service delivery, its energy
consumption, its operating costs, and user satisfaction.
Many of these indicators can be benchmarked against
other like assets.
Entities must
know the full costs of assets that they control. This information is
needed to review the performance of the asset itself, and to compute the costs
of the service to which the asset contributes.
Pricing determines the charges
to be made when an asset is used to support provision of a service to others,
either within the organisation or externally.
Knowledge of costs incurred in using
assets is critical to their effective management. Asset
costs are used to:
- Set operational budgets and targets
for management control
- Monitor asset and program performance
- Evaluate
capital projects
- Set a basis to establish prices – the
charges to be made to others for the use of the asset
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