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

398 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

Fingerprint

Life cycle management
Life cycle
Management capability
Assets
Alignment
Guidance
Information use
Time perspective

Keywords

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

Cite this

Ruitenburg, R., & Braaksma, A. J. J. (2017). Developing Asset Life Cycle Management capabilities through the implementation of Asset Life Cycle Plans – an Action Research project. Paper presented at 24th International Annual EurOMA Conference 2017, Edinburgh, United Kingdom.
Ruitenburg, Richard ; Braaksma, Anne Johannes Jan. / Developing Asset Life Cycle Management capabilities through the implementation of Asset Life Cycle Plans – an Action Research project. Paper presented at 24th International Annual EurOMA Conference 2017, Edinburgh, United Kingdom.11 p.
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Ruitenburg, R & Braaksma, AJJ 2017, 'Developing Asset Life Cycle Management capabilities through the implementation of Asset Life Cycle Plans – an Action Research project' Paper presented at 24th International Annual EurOMA Conference 2017, Edinburgh, United Kingdom, 1/07/17 - 5/07/17, .

Developing Asset Life Cycle Management capabilities through the implementation of Asset Life Cycle Plans – an Action Research project. / Ruitenburg, Richard; Braaksma, Anne Johannes Jan.

2017. Paper presented at 24th International Annual EurOMA Conference 2017, Edinburgh, United Kingdom.

Research output: Contribution to conferencePaperAcademic

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T1 - Developing Asset Life Cycle Management capabilities through the implementation of Asset Life Cycle Plans – an Action Research project

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KW - Asset Management

KW - Asset Life Cycle Management

KW - alignment

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KW - Asset Life Cycle Plan

KW - Asset Management Plan

KW - Capability

KW - Capability building

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Ruitenburg R, Braaksma AJJ. Developing Asset Life Cycle Management capabilities through the implementation of Asset Life Cycle Plans – an Action Research project. 2017. Paper presented at 24th International Annual EurOMA Conference 2017, Edinburgh, United Kingdom.