There are several frameworks that organizations can use to guide their implementation of Enterprise Asset Management (EAM). Here are three popular frameworks:
ISO 55000: ISO 55000 is a global standard for asset management that provides a framework for managing physical assets throughout their lifecycle. The standard includes guidelines for developing an asset management policy, establishing an asset management system, and implementing asset management processes.
PAS 55: PAS 55 is a British standard that provides guidelines for asset management in the public and private sectors. The standard includes guidelines for developing an asset management policy, establishing an asset management system, and implementing asset management processes. PAS 55 has been replaced by ISO 55000.
The Asset Management Landscape: The Asset Management Landscape is a framework developed by the Institute of Asset Management (IAM) that provides a comprehensive view of asset management. The framework includes six components: governance, asset management policy, asset management strategy, asset management objectives, asset management plans, and asset management activities.
These frameworks provide organizations a structured approach to developing and implementing their EAM strategies. By leveraging these frameworks, organizations can improve asset performance, reduce downtime, and extend asset lifespan, resulting in cost savings and improved operational efficiency.
The Enterprise Asset Management (EAM) Frameworks category in our CIO Reference Library provides a comprehensive collection of resources, articles, and insights to assist IT executives in managing their organization’s assets efficiently. This category covers a broad range of topics related to EAM, including best practices, implementation strategies, and tools required for effective asset management.
The EAM Frameworks category includes guidance on various aspects of asset management, such as asset identification, tracking, maintenance, and retirement. These frameworks help organizations optimize the use of their assets while reducing operational costs, enhancing productivity, and mitigating risks. The EAM frameworks also provide guidance on managing digital assets such as data, software, and intellectual property.
The category covers various topics such as:
Asset tracking and inventory management: This includes guidance on managing and tracking assets, maintaining asset databases, and identifying assets that need maintenance, repairs, or replacement.
Maintenance and repair strategies: This includes best practices for managing asset lifecycles, prioritizing repairs, implementing preventive maintenance strategies, and optimizing asset performance.
Asset performance monitoring and reporting: This includes guidance on monitoring and reporting asset performance metrics, such as uptime, utilization, and maintenance costs.
Risk and compliance management: This includes guidance on managing risks associated with asset management, such as safety risks, environmental risks, and compliance with regulatory requirements.
Selection and implementation of EAM software and other asset management tools: This includes guidance on selecting and implementing EAM software, evaluating vendor solutions, and integrating EAM tools with existing IT infrastructure.
Case studies and real-world examples of organizations successfully implementing EAM frameworks highlight the challenges, successes, and lessons learned.
By exploring the EAM Frameworks category, IT leaders can better understand the principles, techniques, and strategies underpinning effective asset management. This knowledge will enable them to develop and execute a robust asset management plan for their organization, ensuring optimal utilization of assets and minimizing operational costs while maintaining compliance with regulatory requirements.
This e-book proposes a strategic approach to infrastructure management as opposed to a cost-centric or enablement approach currently prevalent in many organizations. CIOs, leaders of an internal support function can learn why it is important to take a strategic view to both the IT function and IT Infrastructure. Excellent Read!! (400 pages)
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