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Asset Strategy Management

Asset strategy management screenshot | APM Strategy software | GE Digital

Get off your back foot when it comes to asset management by using APM Strategy to get ahead. Move from only reacting to breakdowns and work orders to using a risk-based approach to your asset strategies, system, fleet, and enterprise.

GE Digital APM Strategy software, mobile screenshotGE Digital APM Strategy software, mobile screenshot

​​​​​​​Trim your O&M expenses and boost profits

APM Strategy is a collection of integrated tools within GE Digital’s Asset Performance Management (APM) used to develop a comprehensive asset strategy to:

 

  • Optimize and prioritize your overall asset strategy investment allocation based on asset criticality, risk and operating context
  • Ensure optimal asset performance to mitigate costly unplanned failures and improve overall safety of the plant
  • Build a sustainable, closed-loop continuous improvement cycle to control & improve your asset strategy

Explore APM Strategy modules and features

Focus on Critical Assets

ASSET CRITICALITY ANALYSIS (ACA)

Define asset criticality based on the worst-case consequence of failure to provide an overall criticality value. Determine which systems, locations, and…

Assess Systems Risk

RELIABILITY CENTERED MAINTENANCE (RCM)

Designed to help reduce the effects of functional failures, which may have a more significant impact on production and costs than simple mechanical failures…

Assess Equipment Risk

FAILURE MODES AND EFFECTS ANALYSIS (FMEA)

The Failure Modes and Effects Analysis capability facilitates the identification and mitigation of critical failure modes defined at the equipment level.

Qualitative Risk Analysis

ASSET STRATEGY MANAGEMENT (ASM)

Define risks and mitigating actions for any asset and evaluate existing plans with basic qualitative risk analysis.

Quantitative Strategy Modelling

ASSET STRATEGY OPTIMIZATION (ASO)

Extends qualitative risk/cost analytical capabilities through advanced, quantitative strategy modelling and Monte Carlo simulation.

Implementation with SAP

ASSET STRATEGY IMPLEMENTATION (ASI)

Build implementation packages containing maintenance plans and items, task lists and operations that can be linked in SAP.

Balance Costs & Plan Budgets

LIFE CYCLE COST ANALYSIS (LCC)

By contributing to decisions regarding when to repair versus when to replace, asset strategies can reveal the total cost of ownership (TCO). 

Manage Corrective Actions

ACTION MANAGEMENT

Manage recommended corrective actions generated from across APM and implement planned actions. 

Dig deeper

Learn how APM Accelerators can quickly extend your APM Strategy across the enterprise and learn more about the technical functionality within APM Strategy. 

Don't take our word for it...

Don't take our word for it...

GE Digital is a leading APM solution in the energy industry. Check out free ranking and ROI reports.

GE Digital Named a Leader in Verdantix APM Solutions Green Quadrant for 2022

Verdantix, an independent industry analyst firm, named GE Digital among the top vendors in its Green Quadrant Asset Performance Management Solutions 2022 report. Download the report to see how APM vendors rank in the areas of overall breadth of capabilities, focus on the customer journey, and market momentum.

Forrester: Total Economic Impact of GE Digital's Asset Performance Management for Power Generation Operations

Fill in the form to download this commissioned TEI study conducted by Forrester Consulting and learn how GE Digital’s Asset Performance Management (APM) solution can potentially save $4.0 million in avoided costs from reducing unplanned downtime with a 10-20% reduction in unplanned maintenance hours.

Forrester: Total Economic Impact of GE Digital's Asset Performance Management for Oil and Gas

Fill in the form to download this commissioned TEI study conducted by Forrester Consulting and learn how GE Digital’s Asset Performance Management (APM) solution provided cost savings and business benefits, with a five-year ROI of over 290%.  

Asset Performance Management Insights

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

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