Probably one of the most important foundational concepts for your career in reliability and maintenance and for your organization's success is to baseline your process and organizational maturity as it relates to good asset management and benchmarking your assets' performance and then audit periodically and monitor your progress.

Why is this so important?

Let's ask this: how capable is your organization at delivering value from your asset base in a sustainable manner? Do you know what is NOT working today? Do you understand the consequences of doing nothing?

What elements you will assess? What evidence do you need to prove you meet or don't meet the requirements? Auditors must be analytical and impartial, detailed oriented, organized and experienced in finance, maintenance and business process. Finding the right person with credibility to do this internally is challenging. For credible findings, the audit must be prebuilt and never hidden from auditees or leadership.

So where are you today, and where does the organization need to go? Attend my workshop on this topic at the International Maintenance Conference in Daytona Florida in December.

This tip provided by:

David Armstrong, Bentley Systems

www.bentley.com/assetwise