What You Must Know About Assessing Your Asset Management System
Often times organizations what to determine where they in their journey of asset management. This usually takes place in the form of benchmarking or assessing their asset management system against the standard. Before progressing any further, it is important to understand the difference between an assessment and an audit;
- Assessment is defined as a systematic process of collecting and analyzing data to determine the current, historical, or projected status of an organization or system.
- Audit is defined as an inspection and examination […]