9/14/2021 Here I am again with another brain teasing question. I like those type of questions because it makes us think differently rather than thinking like everybody else. It allows us to question the way we are doing things and asking ourselves if what we are doing is good enough or should we change things around to get different results. Well, let’s get to the point.Is coordinated asset management activity in organizations sufficient to realize value from assets? This is

4/25/2018 After several months of absence, I am finally back to posting my blogs. I have been busy working on a few concepts which I will shortly introduce. As mentioned in my earlier blogs, managing physical assets requires a holistic approach, not only from a whole lifecycle phase perspective but also from an organizational perspective (I call it HPAM – refer to my blog dated January 8, 2017). Many organizations currently experience the silo syndrome, which can result in a

12/10/2017 Every time we talk about operationalizing whole lifecycle asset management there is a term that is constantly referred to – organizational silos. It sounds like it is a common problem in many organizations when it comes to implementing a holistic asset management philosophy. So what are organizational silos? Are they really a problem? How do we overcome them? In one of my previous blogs when I talked about theory of constraints I mentioned that ‘organizational silo

9/25/2017 There is this ongoing discussion about asset management in the public sector and the private sector. The debate is about who is doing the “real” asset management stuff and where can we find the best practices. The topic is even more prominent now, especially with its global magnitude. It is being discussed in various conferences, training programs, publications and messages from consultants/vendors. Is one doing asset management and the other doing strategic asset p

11/8/2016 For the last few years we have seen the emergence of Asset Management in many industries from the private to the public sector. Many organizations have been successful in getting started with Asset Management and embracing the new paradigm shift. The use of PAS55 and more the recently the availability of ISO 55000 suites have further ramped up the momentum of Asset Management on the global stage. It has become the trending topic in the industry and has created a sor