Organizations are recognizing that standardized and complete asset data is critical to having trustworthy information on which to act. Obtaining this data is a costly endeavor, and as soon as the data is collected, there is a possibility that some will become obsolete as routine equipment replacements occur.
The importance of managing change as a proactive process vs. scrambling to react to the changes can easily mirror those reactive maintenance tendencies so many manufactures try to avoid. This is why Management of Change (MOC) is so vital to maintaining foundational data as equipment goes out and new comes in. This simple process can be compared to updating P&IDs. Without standardized foundational data your entire program will be compromised, so don't forget the foundational data in your MOC program.
This tips is by Jeremy Borton of Management Resources Group, Inc.