Asset Management

Asset Management Plan: A strategy document for maintaining the asset based on its criticality and an optimum life cycle costs. 

Asset Management: A set of coordinated activities that an organization uses to realize value from assets in the delivery of its AIM.

Asset Management Plan: Documented information that specifies the activities, resources, and time scales required for an individual asset, or a grouping of assets, to achieve the organization's asset management objectives. 

Asset Management Strategy: OR SAMP= Strategic Asset Management Plan. Documented information that specifies how organizational objectives are to be converted into asset management objectives, the approach for developing asset management plans. 

Uptime elements are pictured to the left. 

CMMS is an acronym for Computerized Maintenance Management System. this is a computerized software to keep track of assets and all work performed and generates PM's, and PdM's.

a listing of items necessary to support the operation s and maintenance of an asset or component. 

A technique, method, or process that is more effective at delivering a desired outcome than any other technique, method, or process. 

Root Cause Analysis; Identification and evaluation of the reason for any undesirable condition or nonconformance; A methodology that leads to discovering the cause of a problem or root cause. 

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