05 — Glossary · Technology & Operations

Asset Performance Management

GL-507 · also APM, Asset Performance

The practice and software of using condition data, failure history and risk to keep physical assets available at the lowest total cost: predicting failures, choosing maintenance strategies and deciding when to repair or replace.

An industry and vendor term rather than a standard one; asset management standards such as ISO 55000 frame the wider discipline. Sold both as a module of asset management suites and as standalone analytics. Not to be confused with application performance monitoring or application portfolio management, which share the acronym.

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