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Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastructure, buildings or equipment) and to intangible assets (such as intellectual property, goodwill or financial assets).
Enterprise asset management software is a computer software that handles every aspect of running a public works or asset-intensive organization. Enterprise asset management (EAM) software applications include features such as asset life-cycle management, preventive maintenance scheduling, warranty management, integrated mobile wireless handheld ...
The PAS gave guidance and a 28-point requirements checklist of good practices in physical asset management; typically this was relevant to gas, electricity and water utilities, road, air and rail transport systems, public facilities, process, manufacturing, and natural resource industries. It was equally applicable to public and private sector ...
According to ITIL, SAM is defined as “…all of the infrastructure and processes necessary for the effective management, control, and protection of the software assets…throughout all stages of their lifecycle.” [1] Fundamentally intended to be part of an organization's information technology business strategy, the goals of SAM are to ...
ISO 55001 Asset management – Management systems – Requirements is a standard developed for the use of people or organizations involved in asset management. [1] This standard was developed by ISO technical committee ISO/TC 251. ISO 55001 was published for the first time in January 2014.
Integrity Management Plan (part of an asset integrity management system) is a documented and systematic approach to ensure the long-term integrity of an asset or assets. [1] Integrity management planning is a process for assessing and mitigating risks in an effort to reduce both the likelihood and consequences of incidents. Asset integrity ...
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Total quality management (TQM) and total productive maintenance (TPM) are considered as the key operational activities of the quality management system. In order for TPM to be effective, the full participation of entire organisation from top to frontline operators is vital.
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