Asset Management

Asset Management is a framework for effectively manage corporate assets in order to gain maximum value, profitability and returns while safeguarding personnel, the community, and the environment.

Asset Management enables an organization to realize value from assets in the achievement of its organizational objectives. What constitutes value will depend on these objectives, the nature and purpose of the organization and the needs and expectations of its stakeholders. Asset management supports the realization of value while balancing financial, environmental and social costs, risk, quality of service and performance related to assets.

The benefits of asset management can include, but are not limited to the following:

  • Improved financial performance: improving the return on investments and reducing costs can be achieved, while preserving asset value and without sacrificing the short or long-term realization of organizational objectives;
  • Informed asset investment decisions: enabling the organization to improve its decision making and effectively balance costs, risks, opportunities and performance;
  • Managed risk: reducing financial losses, improving health and safety, good will and reputation, minimizing environmental and social impact, can result in reduced liabilities such as insurance premiums, fines and penalties;
  • Improved services and outputs: assuring the performance of assets can lead to improved services or products that consistently meet or exceed the expectations of customers and stakeholders;
  • Demonstrated social responsibility: improving the organization’s ability to, for example, reduce emissions, conserve resources and adapt to climate change, enables it to demonstrate socially responsible and ethical business practices and stewardship;
  • Demonstrated compliance: transparently conforming with legal, statutory and regulatory requirements, as well as adhering to asset management standards, policies and processes, can enable demonstration of compliance;
  • Enhanced reputation: through improved customer satisfaction, stakeholder awareness and confidence;
  • Improved organizational sustainability: effectively managing short and long-term effects, expenditures and performance, can improve the sustainability of operations and the organization;
  • Improved efficiency and effectiveness: reviewing and improving processes, procedures and asset performance can improve efficiency and effectiveness, and the achievement of organizational objectives.

AIMS can assist you in close cooperation with its international partners to describe the plant via these main entry points according to ISO55000 and BS PAS55:

  • Assessments and bench-marking
  • Strategic planning
  • Balanced scorecard
  • Key performance indicators
  • Risk analysis
  • Maintenance strategy review
  • Asset performance review
  • Inventory management
  • Work planning and scheduling
  • Application engineering
  • Reliability engineering
  • Life cycle cost management
  • Computerized Maintenance Management Systems or
  • Enterprise Asset Management Systems support
  • New construction maintenance inspection engineering
  • Organizational development