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Asset Strategy Management

Develop asset strategies to optimize across availability, reliability, and costs with GE Digital's APM Strategy software

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APM strategy | Asset Performance Management | banner | GE Digital
GE Digital APM Strategy software, mobile screenshotGE Digital APM Strategy software, mobile screenshot

Managing strategies by using risk-based approach

APM Strategy, part of GE Digital's Asset Performance Management, provides a common methodology to develop and manage asset strategies by using a risk-based approach to conduct analysis of individual assets, a group of assets, or an asset system.

Asset Performance Management Insights

Asset Performance Management (APM) Software
Asset Performance Management (APM) Software

Benefits of APM Strategy


Identify potential failures of individual assets and entire systems, thus reducing unplanned downtime.


Perform optimal maintenance, inspection, or redesign activities, while most effectively balancing risk and costs.


Implement strategies based on failure modes and effects analysis (FMEA), predictive analytics, health indicators, policies, and reliability analyses.


Create strategies in various work management and control systems for complete integration and improved productivity.

See APM Strategy in action

Watch this video series to see how APM Strategy helps you develop asset strategies to optimize availability, reliability and costs.

Features of APM Strategy

APM Strategy software from GE Digital, screenshot showing critical analysis and failure mode analysis

Criticality analysis

Avoid unnecessary maintenance and inspection efforts by better understanding the criticality (environmental, financial, operational, and safety perspective) of assets across an organization. A risk assessment, using a risk matrix, defines the criticality for each system and related asset with respect to risk consequence categories. Criticality is a key driver for developing risk-focused strategies that ensure the right work gets done, at the right time and at the right cost.

APM Reliability software from GE Digital, desktop screenshot for predictive analytics

Reliability centered maintenance

With attention now focused on the most critical assets, industrial organizations can then identify ways those assets or systems can fail and document the appropriate mitigating activities. This can be done through RCM, which facilitates the development of strategies that will reduce the effects of functional failures from a system perspective. By focusing on keeping systems running up to performance standards, the result can often be higher impact on production goals than solely focusing on mechanical failures of individual assets. 

APM Strategy software from GE Digital, screenshot of failure mode analysis

Failure mode and effects analysis (FMEA)

FMEA provides a streamlined, asset-based alternative to the more comprehensive RCM approach. Analysts can identify failures and effects for each piece of equipment and then recommend actions to mitigate those failures. For both RCM and FMEA, the value for asset-intensive organizations is identifying potential asset-related risk and assigning the appropriate mitigating action.

APM Strategy screenshot showing lifecycle costs analysis, GE Digital

Strategy manager

Strategy manager provides a common methodology to define actions and their mitigated risks for any asset, providing the ability to evaluate existing plans with basic qualitative risk analysis that is both straightforward and easy to use. Strategy manager enables companies to create strategies by automatically linking failure modes and corresponding actions from RCM or FMEA analysis.

APM Strategy screenshot showing lifecycle costs analysis, GE Digital

Lifecycle cost analysis (LCA)

One you have asset strategies in place to ensure all equipment is running optimally at the lowest sustainable cost, organizations can utilize LCA to optimize the costs around an asset through its life. LCA does this by capturing all relevant cost data associated with individual assets, groups of assets, or entire fleets. By making informed decisions on when to repair or when to replace, the performance of an asset can be optimized over the long term, therefore reducing costs for entire sites and fleets over a defined period. 

APM Asset Strategy and APM Acceleration | GE Digital Software


Built on the foundation of APM Strategy, Asset Strategy Accelerators are pre-built maintenance policy data templates detailing defined risk and mitigating actions for an asset.

Let GE Digital help you develop asset strategies to optimize across availability, reliability, and costs

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