It could be debated that there are many characteristics of a good asset management organisation. A few definitions may include:
- supports and fosters understanding of asset management across all levels of the business – everyone knows their contribution to business and asset management
- knows their stakeholders, their requirements and expectations and plans the interactions with the stakeholders
- develops plans and implements them to manage all aspects of assets over their life cycle and in line with business requirements
- an organisation that is set up to manage assets in a recognisable manner (such as according to the asset management Council models, PAS 55, or ISO55000 in the future) as part of their business – not treating asset management as a ‘bolt on’
- where business, investment and operations plans and expenditure are aligned according to an asset management life plan
- where leadership is promoted and every individual can be a leader
- has a clear understanding of the risks that exist in their business and from operating / owning assets
- has a sound structure of information handling, data management and reporting
What do you think?
Do you agree? Are there additional characteristcs that should be added?
Leave your comments and read other people views at the Asset Management Council group discussion on LinkedIn.