Developing and Implementing a Value-Based Operations and Maintenance Performance Management in Nigeria Electric Power Industry

Abstract

The Nigeria electric power industry is yet to recognize and adjust management practices, especially those concerned with operations and maintenance, to the changed and changing business conditions in electric power production. Hence, there is a need to review the organization’s operations and maintenance policies. This paper intends to develop a value-based operations and maintenance performance which could be implemented in Nigeria electric power stations. An attempt was made to develop a framework for effective management of operations and maintenance performance which will link results to performance drivers. Furthermore, balance scorecard concept was included. The paper emphasized on value-added and intellectual capital in operations and maintenance in the emerging business environment, and stressed that there is a need to move from corrective maintenance or time-based maintenance to a long-term business-oriented approach.