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

Richard Ruitenburg; Anne Johannes Jan Braaksma

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

Richard Ruitenburg, Anne Johannes Jan Braaksma

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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 language	English
Number of pages	11
Publication status	Published - 1 Jul 2017
Event	24th International Annual EurOMA Conference 2017: Inspiring Operations Management - Edinburgh, United Kingdom Duration: 1 Jul 2017 → 5 Jul 2017 Conference number: 24

Conference

Conference	24th International Annual EurOMA Conference 2017
Country/Territory	United Kingdom
City	Edinburgh
Period	1/07/17 → 5/07/17

Keywords

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

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

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.",

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AU - Braaksma, Anne Johannes Jan

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N2 - 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.

AB - 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.

KW - Asset Management

KW - Asset Life Cycle Management

KW - alignment

KW - Action Research

KW - Asset Life Cycle Plan

KW - Asset Management Plan

KW - Capability

KW - Capability building

M3 - Paper

T2 - 24th International Annual EurOMA Conference 2017

Y2 - 1 July 2017 through 5 July 2017

ER -

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

Abstract

Conference

Keywords

Access to Document

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Cite this