Asset care framework

Asset Care Strategy Framework

Good asset care is about making the right decisions across an asset's whole life, in complex systems — not just choosing tools.

The pathway

Step 1 Understand Know your assets, risks & context
Step 2 Decide Choose the right care for each asset
Step 3 Deliver Plan, execute & measure
Step 4 Improve Sustain results with better data

Know Your Assets

Understand your assets before changing how you care for them — map context, risk and criticality.

Navigate complexity with modern frameworks (VUCA vs BANI)
Assess asset criticality systematically
Map failure modes and consequences
Understand your organization’s asset management maturity

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Choose the Right Care

Match the care strategy to each asset based on failure modes and cost/risk tradeoffs.

Apply Risk-Based Maintenance principles
Match care strategy to asset criticality
Calculate predictive maintenance ROI
Balance prevention vs detection

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Planning, KPIs & CMMS

Turn asset care strategy into executable, measurable work with clear KPIs and CMMS practices.

Define performance metrics that matter
Implement effective work order systems
Optimize maintenance scheduling
Leverage CMMS for data-driven decisions

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Digital & Emerging Capability

Use technology to support decisions — data pipelines, PdM, and decisioning layers.

Build PdM business cases
Integrate condition monitoring data
Deploy sensors strategically
Create feedback loops for improvement

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