Asset Management

[Mohd]

"Asset Management" is maturing into a recognizable set of business
processes, disciplines and professional practices. There are certainly
various flavors and interpretations, but the integrated,
performance-focused, whole life costed, databased, people-inclusive and
risk managed spectrum of modern methods is undeniably showing massive
benefits. Instead of focusing on component improvements (such as
'quality', 'reliability' or 'energy efficiency'), the new world is
holistic. Asset Management embraces technical and engineering issues,
value for- money, human factors (such as motivation and communications)
and complex process or systems integration. It is a big subject, and
one that demands wider and deeper understanding than has been available
to date. In particular, Asset Management needs more generalists:
business-skills for engineers, multi-skilled operator/maintainers,
risk-management in projects or investments, and coaching skills in the
management team. Specialists still have their roles, but we
increasingly need cross-disciplinary awareness and collaboration as
well.