ISO55001 Archives - HP Reliability, an Eruditio LLC company.

Learning about Asset Management

My personal insights on Asset Management

NOTE: This post will be a little different from my normal posts. Instead of discussing a specific topic, I will be covering my journey in understanding Asset Management and some key takeaways from the journey.

My Journey in Asset Management

I first heard about asset management when I came across PAS55, a Public Available Standard from the UK. I was trying to find some information on a cross-functional maintenance program. As I briefly read about it, I was intrigued and started to read about more asset management. It was exactly […]

Assessing Your Asset Management System

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 […]