ISO 55000

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Making Asset Management Work

Understanding the Concepts and Principles of Asset Management

1659214197_6c7999a79f_zIn order to implement an asset management system, it is vital to understand what is involved in an asset management system. The aspects involved have been tested over time through many different industries. These industries have proven to be what it takes to be successful.

So let’s see what it takes to be successful in asset management

Characteristics of good asset management

  • Cross-Functional – Asset management across functional boundaries, and is focused on extracting maximum value from the asset.
  • System based – the system is applied consistently […]
By |2019-04-19T15:49:58-04:00August 22nd, 2016|Asset Management|Comments Off on Making Asset Management Work

What is Asset Management?

Understanding the Value of an Asset Management System

15129987641_91e203b408_zAll stakeholders have different perspectives, and as a result, place value on different aspects of an asset.  Trying to balance all the requirements is not an easy task.  Whether the requirements are performance, cost, or the level of risk.  Keep in mind, that performance can not only be uptime or OEE, but the beauty of a park, or the condition of a road.  This is where asset management comes in.

What is Asset Management?

To understand, what Asset Management is, we must first under what an asset is. […]

By |2019-04-19T15:49:59-04:00August 8th, 2016|Asset Management|Comments Off on What is Asset Management?