Managing assets effectively is critical to the success of organisations that depend on complex physical assets to deliver services. Increasingly, operators and suppliers are under rising pressure to drive value from their existing asset base, and maximise value from the deployment of future assets.
Organisations are therefore keen to understand how Enterprise Asset Management (EAM) can be applied to their activities, and this paper provides an introduction to the subject, the benefits of undertaking a pro-active approach which include lower operational cost and reduced asset downtime, and the challenges that typically surface when transformations are undertaken.
Our Consulting team has worked with a variety of public organisations and capital intensive businesses to develop a Best Practice EAM model which aligns with international recognised standards. This paper documents this model, and how it can be used to drive better EAM outcomes for organisations.
Whether an operating business or a greenfield project, EAM delivers benefits that translate to the bottom line and balance sheet.