Handbook

This subject provides context for all of the aspects of engineering asset management. It establishes the nature of the overall activity and sets up links to the knowledge areas of strategic management, managerial finance, engineering analysis and information technology. In some ways it provides the context for engineering asset management. Further, it explores some of the basic asset management processes, particularly life-cycle and risk management. Framework, context and history of asset management, Strategic management and engineered asset management in context. Application/adaptation of basic tools; costs and benefits of lifecycle management available models and standards; Possible uses of models Business drivers; Legal requirements; Quality systems and configuration and documentation management; Interfaces with other functions (departments and organizations).