's 2024 events and workshops schedule is here!

Your journey starts at the Virtual Reliability Leadership Development Summit

Is Your Conversation About Managing Assets or Asset Management?

The TC251 Committee has recently posted a paper which discusses the difference between Managing Assets and Asset Management. Here is an extract:-

A Managing Assets Focus

  • Lifecycle activities and asset care - availability, reliability, dependability and safety
  • Asset location, condition, life extension and/or interventions
  • Asset databases, systems (and IT) and performance
  • People, skills and work management
  • Budgets and key performance indicators (KPIs) / cost of maintenance and current performance

An Asset Management Focus

  • The purpose of your organization and what assets does it need – and why
  • Value, purpose and long term outcomes
  • Risk and context e.g. markets / climate / regulation or what
  • Holistic approach to different funding streams e.g. CAPEX and OPEX?
  • Collaborative behaviours - breaking down silos both internal and supply chain?
  • How assets contribute to organizational value

To read the full paper click HERE

“R.A.I.” the Reliability.aiTMChatbot

You can ask "R.A.I." anything about maintenance, reliability, and asset management.

Upcoming Events


August 5 - 8, 2024
View all Events

“R.A.I.” the Reliability.aiTM Chatbot