Asset Management Principles
Principles are powerful.?They are instruments used to guide purpose and establish culture.
A definition for principle found on the internet is its “a fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning”.?
This means there can be principles useful to the implementation of asset management systems.?This newsletter focuses on these types of principles.?This recognizes that there is another type of asset management principle. The other type is used to guide how an organization cares for assets and defines the meaning behind this care.
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2 年Well said! I would propose, however, that certain principles are fundamental to sustainable asset management and therefore required. While focus and/or degree of adoption can vary, without foundational elements sustainable asset management (economic and environmental) is not possible. 4bt.us
Reliability | Asset Management I M&R Insights
2 年Jack Dempsey thanks for sharing this. I firmly believe that good principle-driven asset management (or anything) is far more resilient than target-driven asset management
Dr. sc. techn., Graduate civil engineer ETH, postgraduate Management Sciences at ETH Zurich
2 年Hi Jack, thank you for your great effort to make asset management understandable! Very good explanations of different issues of asset management! I have published an article, in linkedin, which describes the processes of roads asset management from my point of view: "Leading and Core Processes in Road Asset Management RAM", 2020. If you want, I could send it to you by mail. Best Regards