Significant amounts of money and time are spent managing business critical assets each year. Yet to date there has been confusion over terminology and a variety of approaches have been employed. In many cases these approaches served well, but equally many of us will be aware of high profile failures that hit the headlines. Of course, it is likely that lesser known issues exist as well. Sub-optimal asset management arrangements reduce performance, increase costs and fail the customer.
It was clear to the Institute of Asset Management that there was a crucial need to provide a consistent framework for Asset Management systems. PAS 55: Asset Management meets this need. It is applicable to any organisation that depends upon its physical assets for the performance and continuance of its business operations.
A course for those requiring awareness and understanding of the principles of an Asset Management System (AMS). Read More