- One-volume guide to all facets of asset management
- Current best asset management practices for public utilities and private industry
- Hundreds of business process flow charts and diagrams
- Company-wide solutions over the entire asset lifecycle
This book, by one of North America’s leading specialists, presents new ways of maintaining and improving assets in utilities and manufacturing environments. With numerous examples, it shows that caring for assets takes place over the lifecycle of these resources – from physical assets such as machinery to electronic assets such as computer programs. The asset lifecycle is divided into stages, where each is connected to specific business processes and each has unique requirements. The book provides simple and practical guidance on the strategic and tactical aspects of asset management.
The author demonstrates the clear link between effective asset management and the sustainability of the business. It is shown that asset management is a method of focusing the resources of the organization around the asset lifecycle with a goal of minimizing the overall costs of ownership. Asset-related business processes can transform creating, operating and maintaining assets from capital and operational drains to long-term contributors to company targets.
Readers will find here methods, checklists, and flowcharts explaining how to modify procedures and organizational structures. Not only do these recommendations lead to savings in operating and capital costs, but more importantly connections are drawn between the employees who maintain assets and the goals of management. Here managers are given the tools to develop the teams, processes, and structures to ensure that assets are aligned with the expectations of a company’s vision and its customers’ demands.