A lot of information, time and energy has been devoted recently to emerging and established practices in asset management. This interest, however, actually has a far longer history. Protocols have been undergoing continuous development and evolution for the past 50 years to keep pace with discoveries, expansion and globalization of industries. Cataclysmic events have often been the driving force for positive change because they expose serious operational and management flaws that are responsible for unmitigated risks and exposing people and the environment to harm. Over time, regulations and standards have matured not only to preempt failure, but also to define improved ways to proactively manage physical assets. Figure 1 captures the four traditional risk-based strategies for asset management.

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​Stuart Grant

Stuart Grant is a Global Solutions Architect for Asset Management at DuPont Sustainable Solutions based in Maydown, Northern Ireland. He has 26 years of experience in operations roles, including operations, maintenance reliability and utilities. In his current role, he works with companies to design sustainable solutions that will protect and optimize their asset strategies using proven methodologies developed at DuPont, aligned with emerging best practices and new standards.
www.sustainablesolutions.dupont.com

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