Asset Performance

The reliability of investment plans is closely tied to the maturity of asset management processes and the quality of available data. At Praxis, we specialize in enhancing the maturity of your asset management processes, enabling more accurate and dependable medium- and long-term planning. Our expertise ensures that your investment decisions are grounded in robust data and aligned with best practices, driving improved outcomes and sustainable value over time.

Asset Performance Master Process

Asset Health Analysis

ensuring that all asset requirements are captured for further analysis. Needs capture may be driven by automatic, semi-automatic, or manual entries.

Asset Failure Analysis

running needs through a tailored value framework to analyze the effectiveness of those needs to achieve corporate targets.

Asset Replacement Analysis

Needs are prioritized according to their value creation then optimizing the plan according to constraints or business objectives to produce multiple investment scenarios with their expected returns

Probability of Failure Modeling

Asset performance predictive models are used to identify the probability of asset failures using CMMS data and other industry standards. If data are not available, SME input can be used to produce these models

Asset performance management and predicting asset performance present significant challenges, including incomplete data, difficulty in capturing real-time performance insights, and the complexity of integrating diverse datasets for meaningful analysis. Our expertise ensures aligned asset performance assessment in the context of your business's asset management strategy, empowering you to improve reliability, reduce risks, and achieve long-term value from your assets.