Abstract: A system including an operations management engine (OME) and a method for optimizing management of maintenance and/or production operations performed on a machine asset, are provided. The OME receives work scope information (WSI) including parts information of the machine asset in a work order from multiple data sources. The OME generates a reusable tag linked to an order identifier for each part and assigns the reusable tag to each part. The OME, in communication with one or more tag readers, dynamically tracks each part, tasks performed thereon, and turnaround time through each stage of a cycle of operations in real time using the corresponding reusable tag and the WSI, and generates operational data therefrom. The OME dynamically generates one or more analytics reports accessible through one or more visualization components across the cycle to convey predictable and actionable insights of analytics performed on the operational data using artificial intelligence.