With the financial meltdown and the uncertainty surrounding economic recovery, Chief Financial Officers (CFOs) are compelled to make difficult decisions related to internal budgets.
Aberdeen surveyed 139 executives in October 2009 to understand their asset management programs and the results revealed that in more than 70% of the responding companies, the capital and operational budgets have either remained the same or decreased by as much as 20% as compared to last year.
This report will highlight how Best-in-Class companies are able to manage the reliability of their asset base in this environment by effectively executing an Asset Performance Management (APM) strategy, resulting in higher operational and financial performance.
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