Process of maintenance performance management and its imperatives within the offshore petroleum industry : Part II: The principles of value based maintenance performance management

• In Part I we addressed the emerging environment for asset maintenance in terms of business prosperity and plant economics. In this series of articles we advocate that the starting point for any measurement system,in the current business environment, is the need to move away from the classical cost and profit perspective to a more value-based perspective. Accordingly, in this paper, we discuss the principles of our new concept termed "value based maintenance performance management." This intends to be a thought-provoking new concept to substantiate development of operations and maintenance performance indicators for industrial asset maintenance. This is in line with an on-going joint industry project on development and implementation of maintenance performance indicators for the petroleum industry in Norway.

Subject headings

TEKNIK OCH TEKNOLOGIER  -- Samhällsbyggnadsteknik -- Annan samhällsbyggnadsteknik (hsv//swe)

ENGINEERING AND TECHNOLOGY  -- Civil Engineering -- Other Civil Engineering (hsv//eng)

Keyword

Drift och underhållsteknik

Operation and Maintenance

Publication and Content Type

vet (subject category)

art (subject category)