Asset Management Manual
A guide for practitioners!

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1.4.2 Why performance management is needed?

Performance management is functional to the achievement of the following objectives:

  • Provide a systematic approach to measure progress in the implementation of asset management;
  • Enable auditing and monitoring of the delivery of the asset management strategy;
  • Demonstrate how funding is being used effectively to meet stakeholder needs;
  • Provide the link between corporate vision, asset management strategy and maintenance operations;
  • Facilitate effective communications with stakeholders by demonstrating performance against their requirements;
  • Demonstrate any shortfalls in funding.



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