--- title: Accelerating Asset Performance by Owning the Failure Mode description: Larry and Peter share the true definition of Asset Performance Management (APM) and how to optimize it using Strategy Management and PM Optimization (PMO). image: https://blog.nexusglobal.com/hubfs/Featured%20Images/Generic-Podcast-Feat-Image.png --- [Skip to the main content.](https://blog.nexusglobal.com/podcast/accelerating-asset-performance-by-owning-the-failure-mode#main-content) [![Nexus Logo PNG White](https://blog.nexusglobal.com/hs-fs/hubfs/Nexus%20Logo%20PNG%20White.png?width=1600&height=645&name=Nexus%20Logo%20PNG%20White.png "Nexus Logo PNG White")](https://www.nexusglobal.com) [![Nexus Logo PNG Black](https://blog.nexusglobal.com/hs-fs/hubfs/Nexus%20Logo%20PNG%20Black.png?width=1600&height=645&name=Nexus%20Logo%20PNG%20Black.png "Nexus Logo PNG Black")](https://www.nexusglobal.com) - [Software](https://www.nexusglobal.com/software) - Business Optimizer - Data Optimizer - Strategy Optimizer - 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Peter also shares five steps to achieve a better outcome for the assets and the people that work within them using [leadership](https://www.nexusglobal.com/apmsolutions), [work management](https://www.nexusglobal.com/apmsolutions/work-management/planning-optimizer), [strategy management](https://www.nexusglobal.com/apmsolutions/strategy-management), and [investigation management](https://www.nexusglobal.com/apmsolutions/investigation-management/investigationopt). Larry and Peter also share the [true definition of APM](https://www.nexusglobal.com/apmsolutions)and why there is so much misalignment within organizations to understand who influences and who owns Asset Management. Connect with [Larry Olson on LinkedIn](https://www.linkedin.com/in/larryolson/)! ## About the Show... Welcome to [APM On Air](https://blog.nexusglobal.com/tag/podcast), a podcast that brings the connection between excellence and knowledge. Join host Larry Olson, CEO/President of Nexus Global, as he explores what continuous improvement looks like through the [5 domains of Asset Performance Management (APM)](https://www.nexusglobal.com/apmsolutions); Leadership, Data Management, Work Management, Strategy Management, and Investigation Management. With a variety of educational series, special guests, and real-world [case studies](https://blog.nexusglobal.com/tag/case-study), each episode provides new insights, challenges, and perspectives on the road to reliability. Follow us on [Facebook](https://www.facebook.com/nexusglobalinc/) and [LinkedIn](https://www.linkedin.com/company/2216720) for the latest episodes and more amazing content! ## Join the APM On Air Podcast! Are you an industry leader in maintenance, reliability, or asset performance management? Interested in sharing your insights as a featured guest on our podcast. [Email](mailto:info@nexusglobal.com) us to sign up! - [Tweet](https://twitter.com/share) [![Improved Uptime and Resource Utilization with Data Optimizer™](https://blog.nexusglobal.com/hubfs/Featured%20Images/Major-Dairy-Product-Manufacturer---Feat-Image.jpg)](https://blog.nexusglobal.com/improved-uptime-and-resource-utilization-with-data-optimizer) #### [Improved Uptime and Resource Utilization with Data Optimizer™](https://blog.nexusglobal.com/improved-uptime-and-resource-utilization-with-data-optimizer) [![Picture of Nexus Global](https://blog.nexusglobal.com/hs-fs/hubfs/nexus-global.jpg?width=30&name=nexus-global.jpg) Nexus Global](https://blog.nexusglobal.com/author/nexus-global) Create asset hierarchy to support PM Optimization (PMO) and integrate Asset Register, Strategy Management, CMMS to improve uptime and resource... [DATA MANAGEMENT](https://blog.nexusglobal.com/tag/data-management) [STRATEGY MANAGEMENT](https://blog.nexusglobal.com/tag/strategy-management) [CASE STUDY](https://blog.nexusglobal.com/tag/case-study) [MANUFACTURING](https://blog.nexusglobal.com/tag/manufacturing) [Read More](https://blog.nexusglobal.com/improved-uptime-and-resource-utilization-with-data-optimizer) [![Continuous Improvement Through RCA: Part 4/5 - Implement & Control](https://blog.nexusglobal.com/hubfs/APM%20On%20Air%20Feat@3x.png)](https://blog.nexusglobal.com/continuous-improvement-through-rca-part-4-5-implement-control) #### [Continuous Improvement Through RCA: Part 4/5 - Implement & Control](https://blog.nexusglobal.com/continuous-improvement-through-rca-part-4-5-implement-control) [![Picture of Larry Olson | CMRP, CRL, CAMA](https://blog.nexusglobal.com/hs-fs/hubfs/larry_olson.jpg?width=30&name=larry_olson.jpg) Larry Olson | CMRP, CRL, CAMA](https://blog.nexusglobal.com/author/larry-olson-cmrp-crl-cama) Final episode of DMAIC process for Root Cause Analysis (RCA) series: improve and control corrective actions using change management and... [PODCAST](https://blog.nexusglobal.com/tag/podcast) [INVESTIGATION MANAGEMENT](https://blog.nexusglobal.com/tag/investigation-management) [RCA/DMAIC](https://blog.nexusglobal.com/tag/rca-dmaic) [Read More](https://blog.nexusglobal.com/continuous-improvement-through-rca-part-4-5-implement-control) [![Managers Need to Learn the Language of Finance](https://blog.nexusglobal.com/hubfs/Featured%20Images/Generic-Podcast-Feat-Image.png)](https://blog.nexusglobal.com/managers-need-to-learn-the-language-of-finance) #### [Managers Need to Learn the Language of Finance](https://blog.nexusglobal.com/managers-need-to-learn-the-language-of-finance) [![Picture of Larry Olson | CMRP, CRL, CAMA](https://blog.nexusglobal.com/hs-fs/hubfs/larry_olson.jpg?width=30&name=larry_olson.jpg) Larry Olson | CMRP, CRL, CAMA](https://blog.nexusglobal.com/author/larry-olson-cmrp-crl-cama) Maintenance and engineering managers need basic concepts of fiscal responsibility to speak the language of finance and make informed financial... [PODCAST](https://blog.nexusglobal.com/tag/podcast) [LEADERSHIP](https://blog.nexusglobal.com/tag/leadership) [Read More](https://blog.nexusglobal.com/managers-need-to-learn-the-language-of-finance) Nexus Global Business Solutions, Inc. Nexus Global Business Solutions, Inc. Nexus Global is a global Asset Performance Management company headquartered in North Carolina, serving organizations worldwide with software, consulting, reliability engineering, training, and managed services. 4909 Unicon Dr Suite 119 Wake Forest, NC 27587 Resources Resources - [Blog](https://blog.nexusglobal.com) - [Solutions Finder](https://info.nexusglobal.com/solutions-finder) - [Contact Us](https://info.nexusglobal.com/contact-us) [![Nexus Logo PNG Black](https://blog.nexusglobal.com/hubfs/Nexus%20Logo%20PNG%20Black.png)](https://www.nexusglobal.com) - [Privacy Policy](https://www.nexusglobal.com/privacy-policy) - [Software Support](https://info.nexusglobal.com/software-support) © 2026 Nexus Global Business Solutions, Inc. [Facebook](https://www.facebook.com/nexusglobalinc/)[X](https://x.com/nexusglobalinc)[Linkedin](https://www.linkedin.com/company/nexus-global-business-solutions-inc-)[YouTube](https://www.youtube.com/@NexusglobalBusinessSolutions) Return to top ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Larry Olson | CMRP, CRL, CAMA", "url" : "https://blog.nexusglobal.com/author/larry-olson-cmrp-crl-cama" }, "dateModified" : "2020-06-02T19:55:29.567Z", "datePublished" : "2017-07-05T13:59:31.000Z", "headline" : "Accelerating Asset Performance by Owning the Failure Mode", "image" : [ "https://blog.nexusglobal.com/hubfs/Featured%20Images/Generic-Podcast-Feat-Image.png" ], "mainEntityOfPage" : { "@id" : "https://blog.nexusglobal.com/podcast/accelerating-asset-performance-by-owning-the-failure-mode", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.nexusglobal.com/hubfs/nexus_logo%20-%20high%20res%20file-1.png" }, "name" : "Nexus Global Business Solutions, Inc" } } ``` ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : [ { "@type" : "Person", "name" : "Larry Olson | CMRP, CRL, CAMA", "url" : "https://blog.nexusglobal.com/author/larry-olson-cmrp-crl-cama" } ], "dateModified" : "2020-06-02T19:55:29Z", "datePublished" : "2017-07-05T13:59:31Z", "description" : "Larry and Peter share the true definition of Asset Performance Management (APM) and how to optimize it using Strategy Management and PM Optimization (PMO).", "headline" : "Accelerating Asset Performance by Owning the Failure Mode", "image" : [ "https://cdn2.hubspot.net/hubfs/2551661/Featured%20Images/Generic-Podcast-Feat-Image.png" ], "inLanguage" : "en", "keywords" : "PODCAST, STRATEGY MANAGEMENT", "mainEntityOfPage" : { "@id" : "https://blog.nexusglobal.com/podcast/accelerating-asset-performance-by-owning-the-failure-mode", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "name" : "Nexus Global Business Solutions, Inc." } } ```