Business Drivers

Managing Asset Information to Make Better Decisions

Focusing on Financial Issues Related to Your Operating Assets

Managing Your Assets to Manage Your Risk

Managing Your Assets to Support Your Business Strategy

Are your systems and processes configured to provide you with the information you need to manage your assets? 

Or are they viewed as a burden with little value?

There are many processes and tools to support the management of the information on assets and the maintenance of the assets.  Depending upon the size and requirements of the organization, tools from manual paper based systems, to spreadsheets, to dedicated CMMS (computerized maintenance management systems), EAMS (enterprise asset management systems), and ERP (enterprise resource planning) systems have been effectively used. 

The critical issues are to select the processes and tools most appropriate for your organization, and to use them effectively. There are many situations where the appropriate tools were not effectively used due to ineffective processes, ineffective training, or poor implementation and configuration.  The selection of inappropriate tools may cause even more issues. These situations can cause poor quality or inaccurate data, as users see no value to the systems, inefficient processes with considerable manual intervention where the processes are not optimized for the system used, and duplicate data entry or use of manual entry when the systems could better manage the data.  The final result is often a considerable investment in systems with little of the promised benefit achieved.

How good is the information in your systems?

Should you be getting more value from your systems?