Assets, and the value realized from them, are the basis for any organization delivering what it aims to do. Whether public or private sector, and whether the assets are physical, financial, human or ‘intangible’, it is good asset management that maximizes value-for-money and satisfaction of stakeholders’ expectations. It involves the coordinated and optimized planning, asset selection, acquisition/development, utilization, care (maintenance) and ultimate disposal or renewal of the appropriate assets and asset systems. Insights into the integration and optimization of asset management have developed since the 1990s (from the North Sea oil and gas industry and the Australian public sector), to identify a range of essential business processes, alignment activities and system integration features that yield very significant performance benefits.
What is CAMA Certification by WPiAM?Achieving the “Certified Asset Management Assessor” (CAMA) certification establishes an individual’s credentials in asset management knowledge and comprehension, globally. World Partners in Asset Management (WPiAM) is […]
There are various schools of thoughts on what asset performance management (APM) is and how it relates to asset management (AM).ISO55000 defines asset management as systematic and coordinated activities and […]
New: ISO/TS 55010 just released! Guidance on the alignment of financial and non-financial functions in asset management This Technical Specification is a guideline enabling organizations to better understand why and how alignment […]
Strategies to Manage Asset PerformanceFailure is not an option with technology that helps create a world that doesn’t break down. Creating a world that doesn’t break down offers the process […]