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.
This three-day training program offers a thorough overview of the ISO55000 Asset Management and ISO 31000 Risk Management Standards. The long-term success of an organization relies on many things, from continually assessing and updating its strategies to optimizing its processes and equipment. As if this were not enough of a challenge, they also need to account for the unexpected in managing risk.
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 […]