About this title

Of course, there are times when market conditions and financial constraints require less investment that is optimal. Organizations practicing asset management are better prepared for such conditions because they have a clear picture of the outcomes of decisions and can prioritize investment, even when limited.

The asset management approaches expressed in the New Asset Management Handbook are designed to connect top management to the physical asset base using a concept called line of sight. Asset management frameworks require that value and acceptable risk be defined and understood at all levels of the organization. This provides the alignment in decision-making at all levels of the organization to deliver value from assets at an acceptable risk level.

The revised edition of this handbook has divided the text into topic sections so the reader has a clearer understanding and focus. The sections are:

  • Introduction
  • Line of Sight (alignment)
  • Derived Value and Financial Impact
  • Asset Management Enablers
  • Case Study


Editor’s Introduction
Section 1 Introduction to Asset Management

  • Chapter 1: Standards-Based Approaches to The Asset Management Process
  • Chapter 2: Iso55000 – It’s All About the Value
  • Chapter 3: The Impact of Iso55000

Section 2 Line of Sight and Organizational Alignment

  • Chapter 4: Line of Sight
    • Part 1: The Application of ISO55000
    • Part 2: Line of Sight and Organizational Alignment
  • Chapter 5: What Is Asset Performance Management?
  • Chapter 6: Why Care about Insurance?

Section 3 Derived Value and Financial Impact of ISO55000

  • Chapter 7: Turning Asset Management into Real Earnings per Share
  • Chapter 8: Declaring Value from an Asset Management System
  • Chapter 9: Capex to Opex: Bridging the Gap
    • Part 1: Capital Projects, Operational Readiness and Business Risks: Maximizing Returns on New Assets
    • Part 2: Operational Readiness: Bridging the Gap Between Construction and Operations for New Capital Assets
    • Part 3: Is Your Asset Management Program Built on a House of Cards? The Importance of Creating a Solid Foundation
  • Chapter 10: Lifecycle Cost Analysis
  • Chapter 11: Asset Management Decision Making

Section 4 ISO55000 Enablers

  • Chapter 12: Culture, Leadership and Behavior: The Influence on Asset Management
  • Chapter 13: Uptime Elements – A Reliability System for Asset Performance Management
  • Chapter 14: Asset Optimization Model
  • Chapter 15: Managing Risk and Dependability for Asset Uptime
  • Chapter 16: Assessment as a Transformative Tool in Asset Management

Section 5 Asset Management Case Study

  • Chapter 17: Preparing Your Organization for the Asset Management Journey

Bibliography And Resources