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  Asset Health Management Report (PDF)

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According to the Association for Maintenance Professionals, Asset Health
Management is the practice of administering disciplines aimed at
ensuring the functionality of plant systems, equipment and components in
order to optimize performance relative to plant safety, environmental
impact, product quality, plant productivity, reliability and operating
costs.  The asset health management philosophy forms the basis from
which all maintenance and operating plans within the Asset Health
Management Strategy are designed.  An effective strategy requires a
fundamental understanding of the asset relationships within the
operating process, the functional specification of each asset, the ways
in which the asset fails to meet functionality, the relative
consequences associated with less than desirable performance and what is
required to mitigate these less than desirable outcomes.

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