Asset performance assessment forms an integral part of a business process for heavy and capital intensive industry to ensure performance assurance. Managing the asset performance is critical for long term economic and business viability. Assessing the asset performance is a complex issue as it involves multiple inputs and outputs; and various stakeholders' dynamic requirements. Lack of integration among various stakeholders and their changing requirements in strategic asset performance assessment is still a problem for the companies. It is a challenge to integrate a whole organization, where free flow and transparency of information is possible; and each process is linked to integrate to achieve the company's business goals. In this paper, various issues associated with an integrated strategic asset performance assessment are discussed.