What are the key performance indicators and metrics for airport asset management?

1 Asset availability

One of the most important KPIs for airport asset management is asset availability, which measures the percentage of time that an asset is ready and able to perform its intended function. Asset availability can be influenced by factors such as maintenance, reliability, redundancy, and capacity. A high asset availability means that the airport can meet the demand and expectations of its users, while minimizing disruptions, delays, and costs.

2 Asset utilization

Another key KPI for airport asset management is asset utilization, which measures how efficiently an asset is used in relation to its capacity and potential. Asset utilization can be calculated by dividing the actual output or activity by the maximum possible output or activity of an asset. A high asset utilization means that the airport is making the most of its resources, while avoiding underutilization, overutilization, or wastage.

3 Asset condition

Asset condition is a metric that assesses the physical state and performance of an asset, based on factors such as age, wear, degradation, and functionality. Asset condition can be measured by using inspections, tests, ratings, or sensors. A good asset condition means that the asset can perform as expected, while reducing the risk of failure, breakdown, or damage.

4 Asset lifecycle cost

Asset lifecycle cost is a metric that estimates the total cost of owning and operating an asset over its entire lifespan, from acquisition to disposal. Asset lifecycle cost includes capital costs, operating costs, maintenance costs, and disposal costs. A low asset lifecycle cost means that the airport is achieving the best value for money from its assets, while minimizing the total cost of ownership.

5 Asset value

Asset value is a metric that reflects the economic worth of an asset, based on factors such as market value, replacement value, or residual value. Asset value can be influenced by depreciation, appreciation, or impairment. A high asset value means that the airport is maintaining or enhancing the financial performance of its assets, while maximizing the return on investment.

6 Asset sustainability

Asset sustainability is a metric that evaluates the environmental and social impact of an asset, based on factors such as energy consumption, carbon emissions, waste generation, or community engagement. Asset sustainability can be measured by using indicators, standards, or certifications. A high asset sustainability means that the airport is managing its assets in a responsible and ethical way, while contributing to the global goals of reducing environmental footprint and enhancing social welfare.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?