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ASSET MANAGEMENT | THE CHANGING ROLE OF MAINTENANCE MANAGEMENT

THE CHANGING ROLE OF MAINTENANCE MANAGEMENT

The changing role of maintenance management

SUMMARY

This white paper shares some of the experiences in the changing role of asset management which was initially seen by many as another name for maintenance management. This initial shortsighted view lost many organizations their competitive edge. The term asset management was also confused with pension funding and equity investment etc, which was equally misleading. However, the term here refers to ‘physical’ or ‘engineering’ asset management.

The scope of the subject is broad and deep but some of the topics or highlights are discussed in this paper.

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