Asset Management: because you want to make certain that everything functions  securely and reliably both now and in the future.

Asset Management encompasses all activities required to ensure the cost-effective utilisation of physical business assets. If you intend to manage your business assets efficiently and sustainably, Asset Management forms an important basis. It must be embedded in company policy and guaranteed as part of corporate processes. This approach to Asset Management can then help you achieve your corporate objectives. If profit and effective risk management are key priorities, then Asset Management is certainly valuable for you.

Support is essential

In all Asset Management activities, people are the key to success. Asset Management can often entail the introduction of new or improved ways of working, which demands broad-based support from the organisation. Management and staff must be fully committed to working together to achieve the necessary change.

From maintenance management to all-round management

What began life as maintenance management in the aviation industry, marine industry and later in manufacturing has since developed into a way to achieve the cost-effective management of physical business assets at all manner of organisations. The key question is: how do I maximise the return on my capital investment?

Many companies now face this issue, especially now that risks are increasingly being delegated away from the government to the companies themselves. Governments no longer prescribe everything down to the smallest details. In today's world, it establishes a framework in which companies are left to determine the best risk management approach.

Asset Management focus areas

Asset Management is based on the Deming Cycle continual improvement principle of Plan-Do-Check-Act. The four activities apply to all organisational improvement processes and ensure qualitative improvements. Thanks to its cyclical nature, quality improvement remains an area of continuous focus. A complete Asset Management process consists of four components: Asset Baseline Management (plan), Asset Data Management (do), Asset Management Control (check) and Asset Management Organisation (act).