Any of the following benefits:
• A systematic approach to asset-based decisions, so that asset requirements, acquisition, installation, commissioning, steady state operation & caring maintenance and disposal match the objectives of the business.• Appropriate logistic support over the asset life cycle, creating improvements in asset performance.
• Effective internal processes for managing assets.
• Benefits in meeting business and regulatory targets, including:
– operational targets,
– financial targets,
– environmental regulations,
– health and safety regulations
– insurance requirements
– risk management.
• A systematic framework for the training and development of staff, Engineers, managers in understanding and managing the asset portfolio.
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