About The (New) Asset Management Handbook Revised: A Guide to ISO055000
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.
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