Category: Asset Management
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Implementing an asset management strategy in greenfield projects
Implementing an Asset Management Strategy (AMS) in a greenfield project requires a structured methodology. This can be broken down into several key stages: The Asset Management Framework (AMF) It is based first and foremost on the Asset Management Framework. The AMF defines business expectations for managing the whole lifecycle of assets, aligning with the organization’s…
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Asset Management: Why You Should Not Delay Its Integration!
Implementing an effective asset management strategy from the beginning of a greenfield project is not just a best practice—it’s a necessity. Yet, many organizations choose to delay this integration until the execution phase, overlooking the strategic value it can deliver early on. This delay is a gamble that can jeopardize the entire venture. In this…
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The 7 Key Benefits Of Implementing Clear And Effective Asset Management?
Implementing a robust asset management strategy at a greenfield site or any established facility offers substantial benefits throughout the asset’s lifecycle. From the early execution phase to long-term operations, asset management helps optimize performance, reduce costs, and ensure a smooth transition between different project stages. Below, we outline the seven main benefits that organizations can…
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What is Asset Management?
Asset management is a strategic approach to managing an organization’s physical assets—such as machinery, equipment, and facilities—over their entire lifecycle. Its primary goal is to maximize asset value and ensure that they contribute effectively to the organization’s mission and financial objectives. Asset management goes beyond simple maintenance; it encompasses the planning, acquisition, utilization, and disposal…