Most process plant personnel are unaware that their plant assets are under-performing. In
fact, most plants do not even measure asset performance in real-time. Production,
efficiency, quality, and cost are all measured after-the-fact.
Real-Time Asset Performance Management is the practice of getting all your assets to
perform at their best, all the time. This is a proven practice which delivers significant
Asset performance management includes all of the following:
- Control Loop Monitoring and Diagnostics
- Condition Monitoring for rotating equipment
- Alarm Management
- Process Performance Management
This paper describes these practices, and demonstrates the value of integrating these tools
to provide a complete picture of asset performance.