Description
Book SynopsisManaging physical assets is a cooperative and cross-functional discipline that demands a solid governance structure, strong leadership, and well-coordinated policies and practices to meet organizational objectives and requirements in the context of their operations. Organizations struggle to balance cost, performance, and risk with regard to the management of physical assets. Traditional physical asset management systems tend to be silo-based in that they have been developed by a particular section or function for use only in that function. The effects of the isolated function-specific asset management systems are widespread and have significant implications, creating gaps and overlaps in business processes or impeding the decision-making processes.
Organizations are investing lots of money and resources in building their physical asset management systems. However, for far too long the focus has been mostly on the tools and methodologies. These companies n
Table of ContentsIntroduction. Physical Asset Management in Organizations. The Governance Framework. The Strategic Asset Management Plan. Physical Asset Management Strategy. Physical Asset Planning. The Tactical Asset Management Plan. Essential Enablers. The Operationalization Challenges. Organization—A Complex System. The Need for an Effective Physical Asset Management System. Characteristics of an Effective Physical Asset Management System. Moving Toward Organization-Wide Physical Asset Management. Organization-Wide Physical Asset Management (OWPAM). OWPAM System of Interdependency. OWPAM Systemic Implementation Process.
