The Evolution of Asset Management

Asset management - i.e., the acquisition, use, maintenance, modification and disposal of critical assets and properties - is vital to most businesses' performance and success. The more capital-intensive the operation, the more business performance is tied to the availability, maintenance and deployment of the assets. Good asset management leaders pride themselves on being able to deal with tough asset situations and solving problems with their equipment, vehicles and property. But are most managers spending their time reacting to breakdowns and emergencies, or planning ahead on how they optimize their assets for business performance? This paper will discuss key perspectives and strategies for new asset management programs within the most capital intensive and revenue producing area of today's businesses.