1/29/2017 But seriously, if you look around in the physical asset management field, a paradigm shift is desperately needed. In my last post, I mentioned that it is required for a successful execution of HPAM. It is required to ensure the activities/practices/ business approaches of the organization are well coordinated and integrated. By definition "paradigm shift" means "a fundamental change in approach or underlying assumptions". I agree that the word "paradigm" has been a

1/15/2017 In my previous post I mentioned that Physical Asset Management is the business discipline for managing physical assets over their entire lifecycle to achieve a desired level of service, while minimizing the lifecycle costs within an acceptable level of risk. The definition of asset management has come a long way since it was first formulated by Australian economist Dr. Penny Burns in 1984. At around the same time there has been some significant development in the fi

1/8/2017 HPAM - Holistic Physical Asset Management means applying the physical asset management discipline with a holistic approach. What does that really mean? We all know that Physical Asset Management is the business discipline for managing physical assets over their entire lifecycle to achieve a desired level of service, while minimizing the lifecycle costs within an acceptable level of risk. In a next post we will elaborate further on this topic. For now let's try to und

1/1/2017 HPAM stands for Holistic Physical Asset Management - another one of those acronyms! Physical Asset Management- An Organizational Challenge is the title of my first book published October 2016 by FriesenPress. There are two main reasons why I wrote a book specifically with this title: Physical asset management has been the focus for the last few years and will continue to be for many years to come, but I wanted to highlight the holistic approach, hence Holistic Physic