Developing Asset Life Cycle Management capabilities through the implementation of Asset Life Cycle Plans – an Action Research project

Richard Ruitenburg, Anne Johannes Jan Braaksma

    Research output: Contribution to conferencePaperAcademic

    746 Downloads (Pure)

    Abstract

    Asset Life Cycle Management is a strategic approach to managing physical assets over their complete life cycle. However, the literature and the recent ISO 55,000 standard do not offer guidance as to how to develop such an approach. This paper investigates the main capabilities for Asset Life Cycle Management by means of a four year Action Research project implementing Asset Life Cycle Plans. Five main capabilities emerged: 1. strategic information use; 2. alignment of operations and strategy; 3. alignment of different disciplines; 4. a dual time perspective and 5. exerting influence over the assets throughout the entirety of the organization.
    Original languageEnglish
    Number of pages11
    Publication statusPublished - 1 Jul 2017
    Event24th International Annual EurOMA Conference 2017: Inspiring Operations Management - Edinburgh, United Kingdom
    Duration: 1 Jul 20175 Jul 2017
    Conference number: 24

    Conference

    Conference24th International Annual EurOMA Conference 2017
    CountryUnited Kingdom
    CityEdinburgh
    Period1/07/175/07/17

    Keywords

    • Asset Management
    • Asset Life Cycle Management
    • alignment
    • Action Research
    • Asset Life Cycle Plan
    • Asset Management Plan
    • Capability
    • Capability building

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