According to ISO 55000, published by the International Organization for Standardization (ISO), asset management is a coordinated set of activities designed to realize value from assets. That means people working together towards the same objectives and goals.
This collaboration might seem obvious but can be challenging when attempted over the entire life cycle of the assets that are included in your organization. It becomes even more daunting as collaboration and cooperation are not the traits most organization built into the specialized departments and stakeholder behaviors.
For the first time, the 10 Right of Asset Management co-authors align their landmark Asset Lifecycle Management Framework with Uptime Elements Reliability Framework and Asset Management to provide students with a holistic approach that combines a solid “engineered” roadmap and a proven “cultural change” roadmap that leverage value at every phase in the asset life cycle.