May 31, 2017
How do you put good asset management theories into practice? Here are four steps to get you where your organisation needs to be...
While every country has its own regulatory compliance framework for public transport, good asset management is a concept that crosses borders.
Boiled down to its most basic, managing your assets well will reduce the cost of owning and operating those assets while extending their useful life and keeping them safe to operate.
How do you put good asset management theories into practice? Here are four steps to get you where your organisation needs to be:
‘State of Good Repair’ is a term borrowed from the new American legislation aimed at maximising the condition of physical infrastructure so it remains in – you guessed it – a state of good repair and can safely perform its intended function.
Ultimately, managing the lifecycle performance and condition of your assets in this holistic way is simply the next evolutionary step in best practice for asset and maintenance management.
While it may seem daunting at first if you are starting at zero, the rewards of implementing a good asset management culture are too significant to ignore.
Read 'Predictive Maintenance & Your Assets’ Lifecycle' to learn more.
Learn how you can keep your assets in a good state of repair with Trapeze: