de-Almeida-e-Pais, J.E.; Raposo, H.D.N.; Farinha, J.T.; Cardoso, A.J.M.; Lyubchyk, S.; Lyubchyk, S. Measuring the Performance of a Strategic Asset Management Plan through a Balanced Scorecard. Sustainability2023, 15, 15697.
de-Almeida-e-Pais, J.E.; Raposo, H.D.N.; Farinha, J.T.; Cardoso, A.J.M.; Lyubchyk, S.; Lyubchyk, S. Measuring the Performance of a Strategic Asset Management Plan through a Balanced Scorecard. Sustainability 2023, 15, 15697.
de-Almeida-e-Pais, J.E.; Raposo, H.D.N.; Farinha, J.T.; Cardoso, A.J.M.; Lyubchyk, S.; Lyubchyk, S. Measuring the Performance of a Strategic Asset Management Plan through a Balanced Scorecard. Sustainability2023, 15, 15697.
de-Almeida-e-Pais, J.E.; Raposo, H.D.N.; Farinha, J.T.; Cardoso, A.J.M.; Lyubchyk, S.; Lyubchyk, S. Measuring the Performance of a Strategic Asset Management Plan through a Balanced Scorecard. Sustainability 2023, 15, 15697.
Abstract
The purpose of this paper is to propose a tool to measure the performance of a Strategic Asset Management Plan (SAMP) based on a Balanced Scorecard (BSC). The SAMP converts organizational objectives into asset management objectives, also specifies the role of the asset management system and brings support to achieve asset management objectives. The SAMP becomes the heart of the organization and integrates with long-term, medium-term, and short-term financial plans integrated with same term activity plans. In the SAMP, the balance among performance, costs and risks is also taken into consideration in order to achieve the organization’s objectives. On the other side, the SAMP is a guide to set the asset management objectives while describing the role of the Asset Management System (AMS) in meeting those objectives. While SAMP is the central figure of AMS, it is important to measure its performance and needs to be build and improved through an iterative process, what means that is not just a document, it is “the document”, and should be treated as a “living being” that needs to adapt to internal and external changes quickly. The BSC is an excellent tool where, through the appropriate Key Performance Indicators (KPIs), the progress can be measured, and is supported by four perspectives: Financial; Customer; Internal Process; and Learning and Growth.
Engineering, Industrial and Manufacturing Engineering
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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