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Described as “Systematic and coordinated activities through which an organization optimally and sustainably manages its assets and asset systems, their associated performance, risks and expenditures over their lifecycles for the purpose of achieving its organizational strategic plan” (ISO 55000:2014), it is a potentially complex discipline which requires buy-in from senior management, different stakeholders, departments and needs a variety of skillsets and expertise. In fact, many organizations struggle to establish a benchmark from which to build an asset management strategy on the basis that basic information, in asset management terms, is difficult to source. In order to overcome this, a number of standards and guidelines have been developed to help organizations establish a framework to achieve buy-in from all those who need to be involved, establish a business case and approach asset management in a structured, proven manner. Read this white paper to discover how to develop a framework to help strategize, plan, create documents and manage information–and one of the most significant ways to achieve the culture necessary to underpin asset management change and performance improvement. |
