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| asset management life cycle diagram: 10 Rights of Asset Management Ramesh Gulati, Terrence O'Hanlon, 2018-06-27 The 10 Rights of Asset Management is about doing the right things at a system asset level in order to create greater value from the assets during their lifecycle. However, it's very important to ensure open communication and leadership support in creating the right policies and plans. Each of the 10 Rights are elaborated in ten separate chapters in the book: Specify It Right, Design It Right, Source It Right, Build/Fabricate It Right, Install/Commission It Right, Operate It Right, Maintain It Right, Improve/Modify It Right, Dispose/Decommission It Right, and Manage It Right. By implementing The 10 Rights of Asset Management, you will enable your organization to get more value from its assets and be in compliance with ISO 55000. |
| asset management life cycle diagram: Engineering Asset Management Dimitris Kiritsis, Christos Emmanouilidis, Andy Koronios, Joseph Mathew, 2011-02-03 Engineering Asset Management discusses state-of-the-art trends and developments in the emerging field of engineering asset management as presented at the Fourth World Congress on Engineering Asset Management (WCEAM). It is an excellent reference for practitioners, researchers and students in the multidisciplinary field of asset management, covering such topics as asset condition monitoring and intelligent maintenance; asset data warehousing, data mining and fusion; asset performance and level-of-service models; design and life-cycle integrity of physical assets; deterioration and preservation models for assets; education and training in asset management; engineering standards in asset management; fault diagnosis and prognostics; financial analysis methods for physical assets; human dimensions in integrated asset management; information quality management; information systems and knowledge management; intelligent sensors and devices; maintenance strategies in asset management; optimisation decisions in asset management; risk management in asset management; strategic asset management; and sustainability in asset management. |
| asset management life cycle diagram: Guidebook for Considering Life-cycle Costs in Airport Asset Procurement John Fortin, Laith Alfaqih, Pamela Bell, 2017 TRB's Airport Cooperative Research Program (ACRP) Research Report 172: Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement explores how other industries use the total cost of ownership (TCO) approach for initial procurement, and how to integrate this into future airport procurement practices. Airports, as well as other governmental entities, usually are required to take the lowest bid when procuring assets. This approach tends not to take into consideration the life-cycle costs, such as the operation and maintenance (O & M) costs, which can result in higher than anticipated costs from the O & M budget. Since the purchase of assets is allocated from capital funds that are managed by a person typically different than the person responsible for the day-to-day management of O & M funds, there can be a disconnect on what is considered better when considering two bids. Taking a life-cycle, also known as a TCO approach, to the initial procurement may ensure a more fiscally responsible use of funds. |
| asset management life cycle diagram: Maintenance Excellence John D. Campbell, Andrew K.S. Jardine, 2001-02-13 Considering maintenance from a proactive, rather than reactive, perspective, Maintenance Excellence details the strategies, tools, and solutions for maximizing the productivity of physical assets—focusing on profitability potential. The editors address contemporary concerns, key terms, data requirements, critical methodologies, and essential mathematical needs. They present maintenance in a business context, review planning, measurement, feedback, and techniques related to cost, efficiency, and results, and summarize applications of tools and software from statistics and neural networks to cost-optimized models. |
| asset management life cycle diagram: Optimum Decision Making in Asset Management Carnero, María Carmen, González-Prida, Vicente, 2016-08-24 Asset management is becoming increasingly important to an organization’s strategy, given its effects on cost, production, and quality. No matter the sector, important decisions are made based on techniques and theories that are thought to optimize results; asset management models and techniques could help maximize effectiveness while reducing risk. Optimum Decision Making in Asset Management posits that effective decision making can be augmented by asset management based on mathematical techniques and models. Resolving the problems associated with minimizing uncertainty, this publication outlines a myriad of methodologies, procedures, case studies, and management tools that can help any organization achieve world-class maintenance. This book is ideal for managers, manufacturing engineers, programmers, academics, and advanced management students. |
| asset management life cycle diagram: AASHTO Transportation Asset Management Guide American Association of State Highway and Transportation Officials, 2011 Aims to encourage transportation agencies to address strategic questions as they confront the task of managing the surface transportation system. Drawn form both national and international knowledge and experience, it provides guidance to State Department of Transportation (DOT) decision makers, as well as county and municipal transportation agencies, to assist them in realizing the most from financial resources now and into the future, preserving highway assets, and providing the service expected by customers. Divided into two parts, Part one focuses on leadership and goal and objective setintg, while Part two is more technically oriented. Appendices include work sheets and case studies. |
| asset management life cycle diagram: Physical Asset Management Nicholas Anthony John Hastings, 2021-01-12 This book presents a systematic approach to the management of physical assets from concept to disposal, building upon the previous editions and brought up-to-date with the new international standards ISO55002 and ISO/TS50010. It introduces the general principles of physical asset management and covers all stages of the asset management process, including initial business appraisal, identification of physical asset needs, capability gap analysis, financial evaluation, logistic support analysis, life cycle costing, strategic asset management planning, maintenance strategy, outsourcing, cost-benefit analysis, disposal and renewal. Features include: providing a textbook for asset management courses to university level; relating closely to the ISO55000 international asset management standard series; providing a basis for the establishment of physical asset management as a professional discipline; and presenting case studies, analytical techniques and numerical examples with solutions. Written for practitioners and students in asset management, this book provides an essential foundation to the topic. It is suitable for an advanced undergraduate or postgraduate course in asset management and also offers an ideal reference text for engineers and managers specializing in asset management, reliability, maintenance, logistics or systems engineering. |
| asset management life cycle diagram: Physical Asset Management Nicholas Anthony John Hastings, 2009-09-29 Physical asset management is the management of fixed or non-current assets such as equipment and plant. Physical Asset Management presents a systematic approach to the management of these assets from concept to disposal. The general principles of physical asset management are discussed in a manner which makes them accessible to a wide audience, and covers all stages of the asset management process, including: initial business appraisal; identification of fixed asset needs; financial evaluation; logistic support analysis; life cycle costing; maintenance strategy; outsourcing; cost-benefit analysis; disposal; and renewal. Physical Asset Management addresses the needs of existing and potential asset managers, and provides an introduction to asset management for professionals in related disciplines, such as finance. The book provides both an introduction and a convenient reference work, covering all the main areas of physical asset management. |
| asset management life cycle diagram: Asset Management Excellence John D. Campbell, Andrew K.S. Jardine, Joel McGlynn, 2016-04-19 During the eight years since the publication of Maintenance Excellence: Optimizing Equipment Life-Cycle Decisions the business environment has changed drastically. Globalization, consolidation, and changes in technology challenge asset management and maintenance professionals to be more efficient. Globalization and consolidation have been particula |
| asset management life cycle diagram: The 10th International Conference on Engineering, Project, and Production Management Kriengsak Panuwatwanich, Chien-Ho Ko, 2020-03-03 This book gathers the proceedings of the EPPM 2019 conference, and highlights innovative work by researchers and practitioners active in various industries around the globe. Recent advances in science and technology have made it possible to seamlessly connect and integrate various elements of engineering systems, and opened the door for innovations that have transformed how we live and work. While these developments have yielded enhanced efficiency and numerous improvements in our current practices, the problems caused by the increased complexity of these integrated systems can be extremely difficult. Accordingly, solving these problems involves applying cross-disciplinary expertise to address the heterogeneity of the various elements inherent in the system. These proceedings address four main themes: (I) Smart and Sustainable Construction, (II) Advances in Project Management Practices, (III) Toward Safety and Productivity Improvement, and (IV) Smart Manufacturing, Design, and Logistics. As such, they will be of interest to and valuable to researchers and practitioners in a range of industries seeking an update on the translational fields of engineering, project, and production management. |
| asset management life cycle diagram: Asset Management Telli Van der Lei, Paulien Herder, Ype Wijnia, 2012-01-13 In the past decades asset intensive companies have witnessed a number of regulatory changes and especially industry is facing ever increasing competitiveness. To overcome these challenges different asset management methods have been developed aimed to improve the asset life cycle. Especially the design phase and operation and maintenance phase have seen a rise in tools and methods. Smarter design can lead to improved operation. Likewise, improved operation and maintenance leads to lower replacement costs and may provide the basis for better design. This book brings together and coherently presents the current state of the art in asset management research and practice in Europe from a life cycle perspective. Each chapter focuses on specific parts of this life cycle and explains how the methods and techniques described are connected and how they improve the asset life cycle, thus treating this important subject from a unique perspective. |
| asset management life cycle diagram: Life Cycle Management Guido Sonnemann, Manuele Margni, 2015-07-16 This book provides insight into the Life Cycle Management (LCM) concept and the progress in its implementation. LCM is a management concept applied in industrial and service sectors to improve products and services, while enhancing the overall sustainability performance of business and its value chains. In this regard, LCM is an opportunity to differentiate through sustainability performance on the market place, working with all departments of a company such as research and development, procurement and marketing, and to enhance the collaboration with stakeholders along a company’s value chain. LCM is used beyond short-term business success and aims at long-term achievements by minimizing environmental and socio-economic burden, while maximizing economic and social value. |
| asset management life cycle diagram: Life Cycle Cost Model to Support Asset Management Decision Making Ir. Winda Nur Cahyo, Ph.D, IPM, 2019-08-01 There are confusions related to the area of asset management. At this moment, searching over the internet with the keyword “asset management”, most of the links show the issue about financial asset management such as asset investments, securities, stocks, and obligations. In a simple term, the word “asset management” refers to managing financial asset. However, the term asset does not only include financial asset. In ISO 55000 (2014), the term asset is defined as an item, thing or entity that has potential or actual value to an organization. The value of asset can be categories as financial or non-financial value, tangible or intangible value, and may vary between different organizations and their stakeholders. With this definition, the term asset is very broad and may consist any type of asset such as human resources, stock, building, inventory, trust, capital, goodwill, and land. In this book, the term asset mainly refers to engineering (physical) asset, physical asset as the result of an engineering process (e.g. buildings, machineries, bridges, roads, vehicles, oil rigs, plants, metro tunnels, piping system, rail lines). |
| asset management life cycle diagram: Maintenance, Safety, Risk, Management and Life-Cycle Performance of Bridges Nigel Powers, Dan M. Frangopol, Riadh Al-Mahaidi, Colin Caprani, 2018-07-04 Maintenance, Safety, Risk, Management and Life-Cycle Performance of Bridges contains lectures and papers presented at the Ninth International Conference on Bridge Maintenance, Safety and Management (IABMAS 2018), held in Melbourne, Australia, 9-13 July 2018. This volume consists of a book of extended abstracts and a USB card containing the full papers of 393 contributions presented at IABMAS 2018, including the T.Y. Lin Lecture, 10 Keynote Lectures, and 382 technical papers from 40 countries. The contributions presented at IABMAS 2018 deal with the state of the art as well as emerging concepts and innovative applications related to the main aspects of bridge maintenance, safety, risk, management and life-cycle performance. Major topics include: new design methods, bridge codes, heavy vehicle and load models, bridge management systems, prediction of future traffic models, service life prediction, residual service life, sustainability and life-cycle assessments, maintenance strategies, bridge diagnostics, health monitoring, non-destructive testing, field testing, safety and serviceability, assessment and evaluation, damage identification, deterioration modelling, repair and retrofitting strategies, bridge reliability, fatigue and corrosion, extreme loads, advanced experimental simulations, and advanced computer simulations, among others. This volume provides both an up-to-date overview of the field of bridge engineering and significant contributions to the process of more rational decision-making on bridge maintenance, safety, risk, management and life-cycle performance of bridges for the purpose of enhancing the welfare of society. The Editors hope that these Proceedings will serve as a valuable reference to all concerned with bridge structure and infrastructure systems, including students, researchers and engineers from all areas of bridge engineering. |
| asset management life cycle diagram: Data Governance: The Definitive Guide Evren Eryurek, Uri Gilad, Valliappa Lakshmanan, Anita Kibunguchy-Grant, Jessi Ashdown, 2021-03-08 As your company moves data to the cloud, you need to consider a comprehensive approach to data governance, along with well-defined and agreed-upon policies to ensure you meet compliance. Data governance incorporates the ways that people, processes, and technology work together to support business efficiency. With this practical guide, chief information, data, and security officers will learn how to effectively implement and scale data governance throughout their organizations. You'll explore how to create a strategy and tooling to support the democratization of data and governance principles. Through good data governance, you can inspire customer trust, enable your organization to extract more value from data, and generate more-competitive offerings and improvements in customer experience. This book shows you how. Enable auditable legal and regulatory compliance with defined and agreed-upon data policies Employ better risk management Establish control and maintain visibility into your company's data assets, providing a competitive advantage Drive top-line revenue and cost savings when developing new products and services Implement your organization's people, processes, and tools to operationalize data trustworthiness. |
| asset management life cycle diagram: Digital Transformation of the Design, Construction and Management Processes of the Built Environment Bruno Daniotti, Marco Gianinetto, Stefano Della Torre, 2019-12-30 This open access book focuses on the development of methods, interoperable and integrated ICT tools, and survey techniques for optimal management of the building process. The construction sector is facing an increasing demand for major innovations in terms of digital dematerialization and technologies such as the Internet of Things, big data, advanced manufacturing, robotics, 3D printing, blockchain technologies and artificial intelligence. The demand for simplification and transparency in information management and for the rationalization and optimization of very fragmented and splintered processes is a key driver for digitization. The book describes the contribution of the ABC Department of the Polytechnic University of Milan (Politecnico di Milano) to R&D activities regarding methods and ICT tools for the interoperable management of the different phases of the building process, including design, construction, and management. Informative case studies complement the theoretical discussion. The book will be of interest to all stakeholders in the building process – owners, designers, constructors, and faculty managers – as well as the research sector. |
| asset management life cycle diagram: Reliability Analysis and Asset Management of Engineering Systems Escola Politécnica da USP, Gilberto Francisco Martha de Souza, Arthur Henrique De Andrade Melani, Miguel Angelo De Carvalho Michalski, Renan Favarao Da Silva, 2021-09-24 Reliability Analysis and Asset Management of Engineering Systems explains methods that can be used to evaluate reliability and availability of complex systems, including simulation-based methods. The increasing digitization of mechanical processes driven by Industry 4.0 increases the interaction between machines and monitoring and control systems, leading to increases in system complexity. For those systems the reliability and availability analyses are increasingly challenging, as the interaction between machines has become more complex, and the analysis of the flexibility of the production systems to respond to machinery failure may require advanced simulation techniques. This book fills a gap on how to deal with such complex systems by linking the concepts of systems reliability and asset management, and then making these solutions more accessible to industry by explaining the availability analysis of complex systems based on simulation methods that emphasise Petri nets. - Explains how to use a monitoring database to perform important tasks including an update of complex systems reliability - Shows how to diagnose probable machinery-based causes of system performance degradation by using a monitoring database and reliability estimates in an integrated way - Describes practical techniques for the application of AI and machine learning methods to fault detection and diagnosis problems |
| asset management life cycle diagram: Engineering Asset Management Joseph Mathew, Lin Ma, Andy Tan, Deryk Anderson, 2008-02-06 It is with great pleasure that we welcome you to the inaugural World Congress on Engineering Asset Management (WCEAM) being held at the Conrad Jupiters Hotel on the Gold Coast from July 11 to 14, 2006. More than 170 authors from 28 countries have contributed over 160 papers to be presented over the first three days of the conference. Day four will be host to a series of workshops devoted to the practice of various aspects of Engineering Asset Management. WCEAM is a new annual global forum on the various multidisciplinary aspects of Engineering Asset Management. It deals with the presentation and publication of outputs of research and development activities as well as the application of knowledge in the practical aspects of: strategic asset management risk management in asset management design and life-cycle integrity of physical assets asset performance and level of service models financial analysis methods for physical assets reliability modelling and prognostics information systems and knowledge management asset data management, warehousing and mining condition monitoring and intelligent maintenance intelligent sensors and devices regulations and standards in asset management human dimensions in integrated asset management education and training in asset management and performance management in asset management. We have attracted academics, practitioners and scientists from around the world to share their knowledge in this important emerging transdiscipline that impacts on almost every aspect of daily life. |
| asset management life cycle diagram: SME Mining Engineering Handbook, Third Edition Peter Darling, Society for Mining, Metallurgy, and Exploration (U.S.), 2011 This third edition of the SME Mining Engineering Handbook reaffirms its international reputation as the handbook of choice for today's practicing mining engineer. It distills the body of knowledge that characterizes mining engineering as a disciplinary field and has subsequently helped to inspire and inform generations of mining professionals.Virtually all of the information is original content, representing the latest information from more than 250 internationally recognized mining industry experts. Within the handbook's 115 thought-provoking chapters are current topics relevant to today's mining professional: Analyzing how the mining and minerals industry will develop over the medium and long term--why such changes are inevitable, what this will mean in terms of challenges, and how they could be managed Explaining the mechanics associated with the multifaceted world of mine and mineral economics, from the decisions associated with how best to finance a single piece of high-value equipment to the long-term cash-flow issues associated with mine planning at a mature operation Describing the recent and ongoing technical initiatives and engineering developments in relation to robotics, automation, acid rock drainage, block caving optimization, or process dewatering methods Examining in detail the methods and equipment available to achieve efficient, predictable, and safe rock breaking, whether employing a tunnel boring machine for development work, mineral extraction using a mobile miner, or cast blasting at a surface coal operation Identifying the salient points that dictate which is the safest, most efficient, and most versatile extraction method to employ, as well as describing in detail how each alternative is engineered Discussing the impacts that social and environmental issues have on mining from the pre-exploration phase to end-of-mine issues and beyond, and how to manage these two increasingly important factors to the benefit of both the mining companies and other stakeholders |
| asset management life cycle diagram: Value Based and Intelligent Asset Management Adolfo Crespo Márquez, Marco Macchi, Ajith Kumar Parlikad, 2019-06-29 The fundamental motivation of this book is to contribute to the future advancement of Asset Management in the context of industrial plants and infrastructures. The book aims to foster a future perspective that takes advantage of value-based and intelligent asset management in order to make a step forward with respect to the evolution observed nowadays. Indeed, the current understanding of asset management is primarily supported by well-known standards. Nonetheless, asset management is still a young discipline and the knowledge developed by industry and academia is not set in stone yet. Furthermore, current trends in new organizational concepts and technologies lead to an evolutionary path in the field. Therefore, this book aims to discuss this evolutionary path, starting first of all from the consolidated theory, then moving forward to discuss: • The strategic understanding of value-based asset management in a company; • An operational definition of value, as a concept on the background of value-based asset management; • The identification of intelligent asset management, with the aim to frame a set of “tools” recommended to support the asset-related decision-making process over the asset lifecycle; • The emergence of new technologies such as cyber physical systems and digital twins, and the implications of this on asset management. |
| asset management life cycle diagram: Nutritional Care of the Patient with Gastrointestinal Disease Alan L Buchman, 2015-08-06 This evidence-based book serves as a clinical manual as well as a reference guide for the diagnosis and management of common nutritional issues in relation to gastrointestinal disease. Chapters cover nutrition assessment; macro- and micronutrient absorption; malabsorption; food allergies; prebiotics and dietary fiber; probiotics and intestinal microflora; nutrition and GI cancer; nutritional management of reflux; nutrition in IBS and IBD; nutrition in acute and chronic pancreatitis; enteral nutrition; parenteral nutrition; medical and endoscopic therapy of obesity; surgical therapy of obesity; pharmacologic nutrition, and nutritional counseling. |
| asset management life cycle diagram: Life Cycle Analysis and Assessment in Civil Engineering: Towards an Integrated Vision Robby Caspeele, Luc Taerwe, Dan Frangopol, 2018-10-31 This volume contains the papers presented at IALCCE2018, the Sixth International Symposium on Life-Cycle Civil Engineering (IALCCE2018), held in Ghent, Belgium, October 28-31, 2018. It consists of a book of extended abstracts and a USB device with full papers including the Fazlur R. Khan lecture, 8 keynote lectures, and 390 technical papers from all over the world. Contributions relate to design, inspection, assessment, maintenance or optimization in the framework of life-cycle analysis of civil engineering structures and infrastructure systems. Life-cycle aspects that are developed and discussed range from structural safety and durability to sustainability, serviceability, robustness and resilience. Applications relate to buildings, bridges and viaducts, highways and runways, tunnels and underground structures, off-shore and marine structures, dams and hydraulic structures, prefabricated design, infrastructure systems, etc. During the IALCCE2018 conference a particular focus is put on the cross-fertilization between different sub-areas of expertise and the development of an overall vision for life-cycle analysis in civil engineering. The aim of the editors is to provide a valuable source of cutting edge information for anyone interested in life-cycle analysis and assessment in civil engineering, including researchers, practising engineers, consultants, contractors, decision makers and representatives from local authorities. |
| asset management life cycle diagram: 9th WCEAM Research Papers Joe Amadi-Echendu, Changela Hoohlo, Joe Mathew, 2015-03-18 Engineering asset management encompasses all types of engineered assets including built environment, infrastructure, plant, equipment, hardware systems and components. Following the release of ISO 5500x set of standards, the 9th WCEAM addresses the hugely important issue of what constitutes the body of knowledge in Engineering Asset Management. Topics discussed by Congress delegates are grouped into a number of tracks including strategies for investment and divestment of assets, operations and maintenance of assets, assessments of assets condition, risk and vulnerability, technologies and systems for management of asset, standards, education, training and certification. These proceedings include a sample of the wide range of topics presented during the 9th World Congress on Engineering Asset Management in Pretoria South Africa 28 – 31 October, 2014 and complements other emerging publications and standards that embrace the wide ranging issues concerning the management of engineered physical assets. |
| asset management life cycle diagram: Transportation Asset Management Zongzhi Li, 2018-08-31 Transportation asset management delivers efficient and cost-effective investment decisions to support transportation infrastructure and system usage performance measured in economic, social, health, and environmental terms. It can be applied at national, state, and local levels. This distinctive book addresses asset management for multimodal transportation, taking account of system component interdependency, integration, and risk and uncertainty. It sets out rigorous quantitative and qualitative methods for addressing system goals, performance measures, and needs; data collection and management; performance modeling; project evaluation, selection, and trade-off analysis; innovative financing; and institutional issues. It applies as easily to static traffic and time-dependent or dynamic traffic which exists on a more local level. It is written for transportation planners, engineers, and academia, as well as a growing number of graduate students taking transportation asset management courses. |
| asset management life cycle diagram: Private Banking Boris F. J. Collardi, 2012-08-01 An insightful overview of the keys to world-class client service in the private banking sector As the number of wealthy individuals around the world increases, private banking and wealth management companies have grown to keep pace. After the fast growth the long term success is predicated on both winning and keeping clients, making a client-centric model a must. Private Banking: Building a Culture of Excellence provides a clear, easy-to-follow guide to building a committed base, written by an industry expert. Presenting an overview of the elements required to build a successful and client-focused private bank that delivers the kind of care and excellence wealthy clients demand, the book even includes real-life examples for a better understanding of concepts and, to help you achieve your goal. Outlines how to implement a practical strategy for success in the growing private banking sector Explores the key drivers in the private banking industry as well as the most recent developments in the environment to help you stay on top of customer demands Includes case studies and other resources to show the keys to private banking done right in action Private Banking provides useful, hands-on advice for building a strong, lasting business in the private banking sector. |
| asset management life cycle diagram: Business Essentials for Utility Engineers Richard E. Brown, 2017-12-19 It is no longer acceptable for utility engineers to make spending decisions solely because they make good engineering sense. In today’s environment, they must also demonstrate solid business acumen and show that recommendations make good business sense. With this goal in mind, Business Essentials for Utility Engineers systematically presents each business topic to arm engineers with the tools and vocabulary necessary to be more effective when interacting with senior management, and for promotion to senior management. This book covers all business concepts important to utility engineers, including regulation, ratemaking, accounting, finance, risk management, economics, budgeting, and asset management. The author applies his vast corporate experience to give readers a solid foundation for business theory, discussing the idiosyncrasies of utilities and using advanced mathematics to demonstrate business concepts. He also explains how to properly apply this theory to utilities, expounding on specific business skills that will greatly benefit utility engineers in their daily jobs. Chapters are organized to build sequentially upon each other, and take advantage of the mathematical sophistication and deductive nature of engineers when presenting material. After reading this book, utility engineers will view their industry from a new perspective, and will have a greatly expanded business vocabulary. Suitable for self-study, undergraduate study, graduate study, or as a desk reference, this book provides a robust framework for correct business thinking and a solid foundation for further learning. WAtch Richard E. Brown talk about his book at: http://youtu.be/gdyjq77nQFI |
| asset management life cycle diagram: Product Lifecycle Management in the Digital Twin Era Clement Fortin, Louis Rivest, Alain Bernard, Abdelaziz Bouras, 2020-02-28 This book constitutes the refereed post-conference proceedings of the 16th IFIP WG 5.1 International Conference on Product Lifecycle Management, PLM 2019, held in Moscow, Russia, in July 2019. The 38 revised full papers presented were carefully reviewed and selected from 63 submissions. The papers are organized in the following topical sections: 3D modelling and data structures; PLM maturity and industry 4.0; ontologies and semantics; PLM and conceptual design; knowledge and change management; IoT and PLM; integrating manufacturing realities; and integration of in-service and operation. |
| asset management life cycle diagram: Power Systems Leonard L. Grigsby, 2017-12-19 Power Systems, Third Edition (part of the five-volume set, The Electric Power Engineering Handbook) covers all aspects of power system protection, dynamics, stability, operation, and control. Under the editorial guidance of L.L. Grigsby, a respected and accomplished authority in power engineering, and section editors Andrew Hanson, Pritindra Chowdhuri, Gerry Sheblé, and Mark Nelms, this carefully crafted reference includes substantial new and revised contributions from worldwide leaders in the field. This content provides convenient access to overviews and detailed information on a diverse array of topics. Concepts covered include: Power system analysis and simulation Power system transients Power system planning (reliability) Power electronics Updates to nearly every chapter keep this book at the forefront of developments in modern power systems, reflecting international standards, practices, and technologies. New sections present developments in small-signal stability and power system oscillations, as well as power system stability controls and dynamic modeling of power systems. With five new and 10 fully revised chapters, the book supplies a high level of detail and, more importantly, a tutorial style of writing and use of photographs and graphics to help the reader understand the material. New chapters cover: Symmetrical Components for Power System Analysis Transient Recovery Voltage Engineering Principles of Electricity Pricing Business Essentials Power Electronics for Renewable Energy A volume in the Electric Power Engineering Handbook, Third Edition Other volumes in the set: K12642 Ele |
| asset management life cycle diagram: Definitions, Concepts and Scope of Engineering Asset Management Joe E. Amadi-Echendu, Kerry Brown, Roger Willett, Joseph Mathew, 2010-11-02 Definitions, Concepts and Scope of Engineering Asset Management, the first volume in this new review series, seeks to minimise ambiguities in the subject matter. The ongoing effort to develop guidelines is shaping the future towards the creation of a body of knowledge for the management of engineered physical assets. Increasingly, industry practitioners are looking for strategies and tactics that can be applied to enhance the value-creating capacities of new and installed asset systems. The new knowledge-based economy paradigm provides imperatives to combine various disciplines, knowledge areas and skills for effective engineering asset management. This volume comprises selected papers from the 1st, 2nd, and 3rd World Congresses on Engineering Asset Management, which were convened under the auspices of ISEAM in collaboration with a number of organisations, including CIEAM Australia, Asset Management Council Australia, BINDT UK, and Chinese Academy of Sciences, Beijing University of Chemical Technology, China. Definitions, Concepts and Scope of Engineering Asset Management will be of interest to researchers in engineering, innovation and technology management, as well as to managers, planners and policy-makers in both industry and government. |
| asset management life cycle diagram: The Electric Power Engineering Handbook - Five Volume Set Leonard L. Grigsby, 2018-12-14 The Electric Power Engineering Handbook, Third Edition updates coverage of recent developments and rapid technological growth in crucial aspects of power systems, including protection, dynamics and stability, operation, and control. With contributions from worldwide field leaders—edited by L.L. Grigsby, one of the world’s most respected, accomplished authorities in power engineering—this reference includes chapters on: Nonconventional Power Generation Conventional Power Generation Transmission Systems Distribution Systems Electric Power Utilization Power Quality Power System Analysis and Simulation Power System Transients Power System Planning (Reliability) Power Electronics Power System Protection Power System Dynamics and Stability Power System Operation and Control Content includes a simplified overview of advances in international standards, practices, and technologies, such as small-signal stability and power system oscillations, power system stability controls, and dynamic modeling of power systems. Each book in this popular series supplies a high level of detail and, more importantly, a tutorial style of writing and use of photographs and graphics to help the reader understand the material. This resource will help readers achieve safe, economical, high-quality power delivery in a dynamic and demanding environment. Volumes in the set: K12642 Electric Power Generation, Transmission, and Distribution, Third Edition (ISBN: 9781439856284) K12648 Power Systems, Third Edition (ISBN: 9781439856338) K13917 Power System Stability and Control, Third Edition (9781439883204) K12650 Electric Power Substations Engineering, Third Edition (9781439856383) K12643 Electric Power Transformer Engineering, Third Edition (9781439856291) |
| asset management life cycle diagram: Strategic Asset Management of Water Supply and Wastewater Infrastructures Helena Alegre, Maria do Ceu Almeida, 2009-09-14 Water and Wastewater companies operating all around the world have faced rising asset management and replacement costs, often to levels that are financially unsustainable. Management of investment needs, while meeting regulatory and other goals, has required: A better understanding of what customers demand from the services they pay for, and the extent to which they are willing to pay for improvements or be compensated for a reduction in performance Development of models to predict asset failure and to identify and concentrate investment on critical assets Improved management systems Improved accounting for costs and benefits and their incorporation within an appropriate cost-benefit framework Incorporation of risk management techniques Utilisation of advanced maintenance techniques including new rehabilitation failure detection technologies Enhancements in pipeline materials, technologies and laying techniques. These papers developed from LESAM 2007 for inclusion in Strategic Asset Management of Water Supply and Wastewater Infrastructures are focused on the techniques, technologies and management approaches aiming at optimising the investment in infrastructure while achieving demanded customer service standards, and they provide an opportunity to gain access to the latest discussion and developments at the leading-edge in this field. This book will be essential reading for utility operators and managers, regulators and consultants. |
| asset management life cycle diagram: Traffic Operations Asset Management Systems (TOAMS): Summary of proceedings for the 2008 National Peer Exchange Traffic Operations Asset Management Systems (TOAM) Teresa M. Adams, 2008 |
| asset management life cycle diagram: Systems Engineering and management for Sustainable Development - Volume II Andrew P. Sage, 2009-09-30 Systems Engineering and Management for Sustainable Development is a component of Encyclopedia of Technology, Information, and Systems Management Resources in the global Encyclopedia of Life Support Systems (EOLSS), which is an integrated compendium of twenty one Encyclopedias. This theme discusses: basic principles of systems engineering and management for sustainable development, including: cost effectiveness assessment; decision assessment, tradeoffs, conflict resolution and negotiation; research and development policy; industrial ecology; and risk management strategies for sustainability. The emphasis throughout will be upon the development of appropriate life-cycles for processes that assist in the attainment of sustainable development, and in the use of appropriate policies and systems management approaches to ensure successful application of these processes. The general objectives of these chapters is to illustrate the way in which one specific issue, such as the need to bring about sustainable development, necessarily grows in scope such that it becomes only feasible to consider the engineering and architecting of appropriate systems when the specific issue is imbedded into a wealth of other issues. The discussions provide an illustration of the many attributes and needs associated with the important task of utilizing information and knowledge, enabled through systems engineering and management, to engineer systems involving humans, organizations, and technology, in the support of sustainability. These two volumes are aimed at the following five major target audiences: University and College students Educators, Professional practitioners, Research personnel and Policy analysts, managers, and decision makers and NGOs |
| asset management life cycle diagram: Investments in Federal Facilities National Research Council, Division on Engineering and Physical Sciences, Board on Infrastructure and the Constructed Environment, Committee on Business Strategies for Public Capital Investment, 2004-06-24 Facilities now owned by the Federal Government are valued at over $300 billion. It also spends over $25 billion per year for acquisition, renovation, and upkeep. Despite the size of these sums, there is a growing litany of problems with federal facilities that continues to put a drain on the federal budget and compromise the effectiveness of federal services. To examine ways to address these problems, the sponsoring agencies of the Federal Facilities Council (FFC) asked the National Research Council (NRC) to develop guidelines for making improved decisions about investment in and renewal, maintenance, and replacement of federal facilities. This report provides the result of that assessment. It presents a review of both public and private practices used to support such decision making and identifies appropriate objectives, practices, and performance measures. The report presents a series of recommendations designed to assist federal agencies and departments improve management of and investment decision making for their facilities. |
| asset management life cycle diagram: The Official Introduction to the ITIL Service Lifecycle OGC - Office of Government Commerce, 2007-05-30 ITIL was created by the UK government in the 1980s as an efficiency-improving initiative. This text gives an essential guide to the overall structure of ITIL and an outline of its principles. |
| asset management life cycle diagram: International Infrastructure Management Manual , 2006 Manual provides guidelines for best management practices for all infrastructure assets in the public and private sectors at the lowest life cycle cost. |
| asset management life cycle diagram: Hyperledger Cookbook Xun (Brian) Wu, Chuanfeng Zhang, Andrew Zhang, 2019-04-30 Explore the entire Hyperledger blockchain family, including frameworks such as Fabric, Sawtooth, Indy, Burrow, and Iroha; and tools such as Composer, Explorer, and Caliper. Key FeaturesPlan, design, and create a full-fledged private decentralized application using Hyperledger services Master the ins and outs of the Hyperledger network using real-world examples Packed with problem-solution-based recipes to tackle pain areas in the blockchain development cycleBook Description Hyperledger is an open-source project and creates private blockchain applications for a range of domains. This book will be your desk reference as you explore common and not-so-common challenges faced while building blockchain networks using Hyperledger services. We'll work through all Hyperledger platform modules to understand their services and features and build end-to-end blockchain applications using various frameworks and tools supported by Hyperledger. This book's independent, recipe-based approach (packed with real-world examples) will familiarize you with the blockchain development cycle. From modeling a business network to integrating with various tools, you will cover it all. We'll cover common and not-so-common challenges faced in the blockchain life cycle. Later, we'll delve into how we can interact with the Hyperledger Fabric blockchain, covering all the principles you need to master, such as chaincode, smart contracts, and much more. We'll also address the scalability and security issues currently faced in blockchain development. By the end of this book, you will be able to implement each recipe to plan, design, and create a full-fledged, private, decentralized application to meet organizational needs. What you will learnCreate the most popular permissioned blockchain network with Fabric and ComposerBuild permissioned and permission-less blockchains using SawtoothUtilize built-in Iroha asset/account management with role-based permissionsImplement and run Ethereum smart contracts with Burrow Get to grips with security and scalability in HyperledgerExplore and view blockchain data using Hyperledger ExplorerProduce reports containing performance indicators and benchmarks using CaliperWho this book is for This book is for blockchain developers who want to understand how they can apply Hyperledger services in their day-to-day projects. This book uses a recipe-based approach to help you use Hyperledger to build powerful, decentralized autonomous applications. We assume the reader has a basic knowledge of the Blockchain technology and cryptography concepts |
| asset management life cycle diagram: The Handbook of Highway Engineering T.F. Fwa, 2005-09-28 Modern highway engineering reflects an integrated view of a road system's entire lifecycle, including any potential environmental impacts, and seeks to develop a sustainable infrastructure through careful planning and active management. This trend is not limited to developed nations, but is recognized across the globe. Edited by renowned authority |
| asset management life cycle diagram: Life Cycle Management Arne Remmen, United Nations Environment Programme, 2007 The journey towards sustainability requires that companies must find innovative ways to make profits and at the same time extend the traditional boundaries of business to include the environmental and social dimensions, a process known as Life Cycle Thinking. This Guide contains many examples illustrating how business organizations are putting Life Cycle Thinking into practice all over the world. |
| asset management life cycle diagram: Gas and Oil Reliability Engineering Eduardo Calixto, 2016-05-07 Gas and Oil Reliability Engineering: Modeling and Analysis, Second Edition, provides the latest tactics and processes that can be used in oil and gas markets to improve reliability knowledge and reduce costs to stay competitive, especially while oil prices are low. Updated with relevant analysis and case studies covering equipment for both onshore and offshore operations, this reference provides the engineer and manager with more information on lifetime data analysis (LDA), safety integrity levels (SILs), and asset management. New chapters on safety, more coverage on the latest software, and techniques such as ReBi (Reliability-Based Inspection), ReGBI (Reliability Growth-Based Inspection), RCM (Reliability Centered Maintenance), and LDA (Lifetime Data Analysis), and asset integrity management, make the book a critical resource that will arm engineers and managers with the basic reliability principles and standard concepts that are necessary to explain their use for reliability assurance for the oil and gas industry. - Provides the latest tactics and processes that can be used in oil and gas markets to improve reliability knowledge and reduce costs - Presents practical knowledge with over 20 new internationally-based case studies covering BOPs, offshore platforms, pipelines, valves, and subsea equipment from various locations, such as Australia, the Middle East, and Asia - Contains expanded explanations of reliability skills with a new chapter on asset integrity management, relevant software, and techniques training, such as THERP, ASEP, RBI, FMEA, and RAMS |
ASSET MANAGEMENT LIFECYCLE - HUD.gov
This chapter provides an overview of the asset management lifecycle for MFH properties and summarizes key asset management concepts that will be covered in the ensuing chapters. A. The …
Asset Management 101: A Step by Step Asset Management …
The life cycle cost of an asset can be calculated from the time an asset is being considered until that asset is disposed of. Life cycle costs can also be thought about as what it costs to provide or
CARMEL CLAY PARKS LIFE-CYCLE ASSET MANAGEMENT …
a life-cycle management plan for the entire park system as part of the new Parks & Recreation Master Plan. The goal of life-cycle asset management planning is to evaluate the condition of …
An Introduction to Asset Management - i-FM.net
concept within Asset Management and is therefore worthy of scrutiny. There are dozens of different ways of representing the life cycle, but the diagram above captures a simple representation of it. …
The Asset Management Lifecycle Explained - glidertech.com
In this eBook we explore the eight different phases information goes through in an asset’s lifecycle. At each phase we’ll explore the challenges and some tips for success. The asset information …
Managing a Hardware Asset Management Lifecycle
Using anMDM tool improves Hardware Asset Management (HAM) by providing a centralized, automated, and secure way to manage Apple devices (Macs, iPhones, iPads, and Apple TVs) …
CONTROL YOUR ASSET LIFE CYCLE AT ANY STAGE.
Asset management is the management of physical assets throughout their life cycle in order to achieve the objectives of the business. The asset life cycle is illustrated in the diagram below:
Asset Management Life Cycle - dev2.careaccess.com
Understanding the Asset Management Life Cycle The asset management life cycle encompasses the entire journey of an asset, from its acquisition or creation to its eventual disposal or …
Life Cycle Modeling & Strategic Asset Management - FACERS
Life Cycle Modeling is a Key Component of AM • What is the predicted future service level if we maintain current funding? • How much funding is required to maintain my current level of …
Life cycle management of investment structures - PwC
We can assist you with the lifecycle management of your investment structures, be they funds, investment companies, partnerships, securitisation vehicles, structured products or, partnerships …
Fundamentals of Asset Management - U.S. Environmental …
We have to know what we have before we can manage appropriately what residual life is left. Everything in AM starts with the Asset Registry. The “data standard” is the key building block for …
Brochure.Asset Life Cycle Management - Pragma
Introduces the model and definitions of asset life cycle management. Provides learners with the financial tools and formulae to calculate the value and return on investment of assets. Explains …
Asset Management Life Cycle (2024) - mail.fatesa.edu.br
Understanding the Asset Management Life Cycle The asset management life cycle encompasses the entire journey of an asset, from its acquisition or creation to its eventual disposal or …
The Maintenance Framework - GFMAM
This document is intended for the maintenance of physical assets, with consideration of the entire life cycle. It is designed to apply across all industries and as such does not attempt to cover …
AASHTO Transportation Asset Management
Life-cycle management is a framework for identifying the appropriate treatments throughout an asset’s service life to maximize performance. All transportation infrastructure assets have a life …
MANAGEMENT OF PHYSICAL ASSETS LINK OVER THE …
Lifecycle delivery comprises the activities and procedures for optimum management of the assets over the entire lifecycle (design, purchase, commissioning, tagging and maintenance). “‘Lifecycle …
Asset Management Brochure - Local Government
details of the stages of the asset management life cycle. 2. Developing an asset management policy. Sustaining Local Assets provides the policy framework for local government asset …
Asset management — Overview, principles and terminology
Effective implementation of asset management requires a disciplined approach which enables an organization to maximise value and deliver its strategic objectives through managing its assets …
u BIM and Asset Manag ment - The IAM
Asset management is a strategic approach to managing assets to enable the achievement of business objectives. It enables realisation of value from assets by translating business objectives …
ASSET MANAGEMENT LIFECYCLE - HUD.gov
This chapter provides an overview of the asset management lifecycle for MFH properties and summarizes key asset management concepts that will be covered in the ensuing chapters. A. The …
Asset Management 101: A Step by Step Asset Management …
The life cycle cost of an asset can be calculated from the time an asset is being considered until that asset is disposed of. Life cycle costs can also be thought about as what it costs to provide or
CARMEL CLAY PARKS LIFE-CYCLE ASSET MANAGEMENT …
a life-cycle management plan for the entire park system as part of the new Parks & Recreation Master Plan. The goal of life-cycle asset management planning is to evaluate the condition of …
A sset Management – an anatomy - The IAM
Start with Section 2 ‘What is Asset Management?’ and Section 4 ‘Why does Asset Management matter?’. This will cover the basic concepts, identify the breadth of asset management activities …
An Introduction to Asset Management - i-FM.net
concept within Asset Management and is therefore worthy of scrutiny. There are dozens of different ways of representing the life cycle, but the diagram above captures a simple representation of it. …
The Asset Management Lifecycle Explained - glidertech.com
In this eBook we explore the eight different phases information goes through in an asset’s lifecycle. At each phase we’ll explore the challenges and some tips for success. The asset information …
Managing a Hardware Asset Management Lifecycle
Using anMDM tool improves Hardware Asset Management (HAM) by providing a centralized, automated, and secure way to manage Apple devices (Macs, iPhones, iPads, and Apple TVs) …
CONTROL YOUR ASSET LIFE CYCLE AT ANY STAGE.
Asset management is the management of physical assets throughout their life cycle in order to achieve the objectives of the business. The asset life cycle is illustrated in the diagram below:
Asset Management Life Cycle - dev2.careaccess.com
Understanding the Asset Management Life Cycle The asset management life cycle encompasses the entire journey of an asset, from its acquisition or creation to its eventual disposal or …
Life Cycle Modeling & Strategic Asset Management - FACERS
Life Cycle Modeling is a Key Component of AM • What is the predicted future service level if we maintain current funding? • How much funding is required to maintain my current level of …
Life cycle management of investment structures - PwC
We can assist you with the lifecycle management of your investment structures, be they funds, investment companies, partnerships, securitisation vehicles, structured products or, partnerships …
Fundamentals of Asset Management - U.S. Environmental …
We have to know what we have before we can manage appropriately what residual life is left. Everything in AM starts with the Asset Registry. The “data standard” is the key building block for …
Brochure.Asset Life Cycle Management - Pragma
Introduces the model and definitions of asset life cycle management. Provides learners with the financial tools and formulae to calculate the value and return on investment of assets. Explains …
Asset Management Life Cycle (2024) - mail.fatesa.edu.br
Understanding the Asset Management Life Cycle The asset management life cycle encompasses the entire journey of an asset, from its acquisition or creation to its eventual disposal or …
The Maintenance Framework - GFMAM
This document is intended for the maintenance of physical assets, with consideration of the entire life cycle. It is designed to apply across all industries and as such does not attempt to cover …
AASHTO Transportation Asset Management
Life-cycle management is a framework for identifying the appropriate treatments throughout an asset’s service life to maximize performance. All transportation infrastructure assets have a life …
MANAGEMENT OF PHYSICAL ASSETS LINK OVER THE …
Lifecycle delivery comprises the activities and procedures for optimum management of the assets over the entire lifecycle (design, purchase, commissioning, tagging and maintenance). “‘Lifecycle …
Asset Management Brochure - Local Government
details of the stages of the asset management life cycle. 2. Developing an asset management policy. Sustaining Local Assets provides the policy framework for local government asset …
Asset management — Overview, principles and terminology
Effective implementation of asset management requires a disciplined approach which enables an organization to maximise value and deliver its strategic objectives through managing its assets …
u BIM and Asset Manag ment - The IAM
Asset management is a strategic approach to managing assets to enable the achievement of business objectives. It enables realisation of value from assets by translating business objectives …
