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PAS 55 Specification for
the optimized management of physical infrastructure assets
An iPresentation Tutorial by John Woodhouse, The Woodhouse Partnership
Ltd.
Many directors & analysts think "Asset Management" is all about
corporate mergers & acquisitions, Return on Capital Employed and 'asset
stripping'. Others have grabbed the phrase to mean 'more professional
maintenance', or 'equipment tagging and tracking', or 'asset information
& work management software'. A multi-sector initiative in Europe, backed
by the British Standards Institute has now published PAS-55, to clear
the air a bit and define what a joined-up physical asset management
system needs to include. It requires a life cycle view and optimal
mixture of capital investments, operations, maintenance, resourcing,
risks, performance and sustainability, and it is already being adopted
by industry regulators as a checklist of good governance (all
electricity and gas distributors must be PAS 55 by 2008). This 14 minute
iPresentation looks at the emerging science and jigsaw puzzle of
strategic asset management, and how we can join up some of the most
important pieces.
Note: PAS 55 is quickly gaining acceptance in Europe, Australia
and New Zealand. John Woodhouse will be making the US debut of PAS 55 at
IMC-2006 December 5-8, 2006 in Daytona Beach Florida. Get up to speed
and learn what this specification can do for you.
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