Strategic asset information management: experiences from Finnish companies

Jyri Hanski; Jere Jännes; Ville Ojanen; Pasi Valkokari

doi:10.1007/978-3-319-27064-7_22

Strategic asset information management: experiences from Finnish companies

Jyri Hanski, Jere Jännes, Ville Ojanen, Pasi Valkokari

Lappeenranta-Lahti University of Technology LUT

Research output: Chapter in Book/Report/Conference proceeding › Conference article in proceedings › Scientific › peer-review

1 Citation (Scopus)

Abstract

Decisions on strategic asset management are crucial from the perspective of improving the sustainability of companies. The new ISO 55000 series of AM standards is a means of improving the AM strategies and practices of companies, and thus their sustainability performance. For this study, three Finnish companies were interviewed about their asset management, especially related to their asset information management practices and sustainability. The results are compared with the asset information management guidelines given in the AM standard. The goal of the research is to find best practices and areas of improvement in asset information management, and thus to improve asset management related decision-making and the sustainability of companies. All the interviewed companies gather and analyse data from their machinery and infrastructure and the analysis and utilization of asset related information is considered important. The economic perspective of AM is seen crucial in decision-making, but also sustainability reporting, maintenance and operating information, value of assets and fault data are utilized. The asset information is scattered in different systems and behind different organisational barriers. Companies, however, strive towards unified asset information management systems.

Original language	English
Title of host publication	Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015)
Editors	Kari Koskinen, Helena Kortelainen, Jussi Aaltonen, Teuvo Uusitalo, Kari Komonen, Joseph Mathew, Jouko Laitinen
Publisher	Springer
Pages	227-236
ISBN (Electronic)	978-3-319-27064-7
ISBN (Print)	978-3-319-27062-3
DOIs	https://doi.org/10.1007/978-3-319-27064-7_22
Publication status	Published - 26 Mar 2016
MoE publication type	A4 Article in a conference publication
Event	10th World Congress on Engineering Asset Management, WCEAM 2015 - Tampere Hall, Tampere, Finland Duration: 28 Sept 2015 → 30 Sept 2015

Publication series

Series	Lecture Notes in Mechanical Engineering
ISSN	2195-4356

Conference

Conference	10th World Congress on Engineering Asset Management, WCEAM 2015
Abbreviated title	WCEAM 2015
Country/Territory	Finland
City	Tampere
Period	28/09/15 → 30/09/15

Keywords

asset management
ISO 55000
information management
sustainability

Access to Document

10.1007/978-3-319-27064-7_22

Cite this

Hanski, J., Jännes, J., Ojanen, V., & Valkokari, P. (2016). Strategic asset information management: experiences from Finnish companies. In K. Koskinen, H. Kortelainen, J. Aaltonen, T. Uusitalo, K. Komonen, J. Mathew, & J. Laitinen (Eds.), Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015) (pp. 227-236). Springer. Lecture Notes in Mechanical Engineering https://doi.org/10.1007/978-3-319-27064-7_22

Hanski, Jyri ; Jännes, Jere ; Ojanen, Ville et al. / Strategic asset information management: experiences from Finnish companies. Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015). editor / Kari Koskinen ; Helena Kortelainen ; Jussi Aaltonen ; Teuvo Uusitalo ; Kari Komonen ; Joseph Mathew ; Jouko Laitinen. Springer, 2016. pp. 227-236 (Lecture Notes in Mechanical Engineering).

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abstract = "Decisions on strategic asset management are crucial from the perspective of improving the sustainability of companies. The new ISO 55000 series of AM standards is a means of improving the AM strategies and practices of companies, and thus their sustainability performance. For this study, three Finnish companies were interviewed about their asset management, especially related to their asset information management practices and sustainability. The results are compared with the asset information management guidelines given in the AM standard. The goal of the research is to find best practices and areas of improvement in asset information management, and thus to improve asset management related decision-making and the sustainability of companies. All the interviewed companies gather and analyse data from their machinery and infrastructure and the analysis and utilization of asset related information is considered important. The economic perspective of AM is seen crucial in decision-making, but also sustainability reporting, maintenance and operating information, value of assets and fault data are utilized. The asset information is scattered in different systems and behind different organisational barriers. Companies, however, strive towards unified asset information management systems.",

keywords = "asset management, ISO 55000, information management, sustainability",

author = "Jyri Hanski and Jere J{\"a}nnes and Ville Ojanen and Pasi Valkokari",

note = "SDA: SHP: ForIndustry Project : 83448 ; 10th World Congress on Engineering Asset Management, WCEAM 2015, WCEAM 2015 ; Conference date: 28-09-2015 Through 30-09-2015",

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Hanski, J, Jännes, J, Ojanen, V & Valkokari, P 2016, Strategic asset information management: experiences from Finnish companies. in K Koskinen, H Kortelainen, J Aaltonen, T Uusitalo, K Komonen, J Mathew & J Laitinen (eds), Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015). Springer, Lecture Notes in Mechanical Engineering, pp. 227-236, 10th World Congress on Engineering Asset Management, WCEAM 2015, Tampere, Finland, 28/09/15. https://doi.org/10.1007/978-3-319-27064-7_22

Strategic asset information management: experiences from Finnish companies. / Hanski, Jyri; Jännes, Jere; Ojanen, Ville et al.

Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015). ed. / Kari Koskinen; Helena Kortelainen; Jussi Aaltonen; Teuvo Uusitalo; Kari Komonen; Joseph Mathew; Jouko Laitinen. Springer, 2016. p. 227-236 (Lecture Notes in Mechanical Engineering).

Research output: Chapter in Book/Report/Conference proceeding › Conference article in proceedings › Scientific › peer-review

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T1 - Strategic asset information management: experiences from Finnish companies

AU - Hanski, Jyri

AU - Jännes, Jere

AU - Ojanen, Ville

AU - Valkokari, Pasi

N1 - SDA: SHP: ForIndustry Project : 83448

PY - 2016/3/26

Y1 - 2016/3/26

N2 - Decisions on strategic asset management are crucial from the perspective of improving the sustainability of companies. The new ISO 55000 series of AM standards is a means of improving the AM strategies and practices of companies, and thus their sustainability performance. For this study, three Finnish companies were interviewed about their asset management, especially related to their asset information management practices and sustainability. The results are compared with the asset information management guidelines given in the AM standard. The goal of the research is to find best practices and areas of improvement in asset information management, and thus to improve asset management related decision-making and the sustainability of companies. All the interviewed companies gather and analyse data from their machinery and infrastructure and the analysis and utilization of asset related information is considered important. The economic perspective of AM is seen crucial in decision-making, but also sustainability reporting, maintenance and operating information, value of assets and fault data are utilized. The asset information is scattered in different systems and behind different organisational barriers. Companies, however, strive towards unified asset information management systems.

AB - Decisions on strategic asset management are crucial from the perspective of improving the sustainability of companies. The new ISO 55000 series of AM standards is a means of improving the AM strategies and practices of companies, and thus their sustainability performance. For this study, three Finnish companies were interviewed about their asset management, especially related to their asset information management practices and sustainability. The results are compared with the asset information management guidelines given in the AM standard. The goal of the research is to find best practices and areas of improvement in asset information management, and thus to improve asset management related decision-making and the sustainability of companies. All the interviewed companies gather and analyse data from their machinery and infrastructure and the analysis and utilization of asset related information is considered important. The economic perspective of AM is seen crucial in decision-making, but also sustainability reporting, maintenance and operating information, value of assets and fault data are utilized. The asset information is scattered in different systems and behind different organisational barriers. Companies, however, strive towards unified asset information management systems.

KW - asset management

KW - ISO 55000

KW - information management

KW - sustainability

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DO - 10.1007/978-3-319-27064-7_22

M3 - Conference article in proceedings

SN - 978-3-319-27062-3

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BT - Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015)

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A2 - Uusitalo, Teuvo

A2 - Komonen, Kari

A2 - Mathew, Joseph

A2 - Laitinen, Jouko

PB - Springer

T2 - 10th World Congress on Engineering Asset Management, WCEAM 2015

Y2 - 28 September 2015 through 30 September 2015

ER -

Hanski J, Jännes J, Ojanen V, Valkokari P. Strategic asset information management: experiences from Finnish companies. In Koskinen K, Kortelainen H, Aaltonen J, Uusitalo T, Komonen K, Mathew J, Laitinen J, editors, Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015). Springer. 2016. p. 227-236. (Lecture Notes in Mechanical Engineering). doi: 10.1007/978-3-319-27064-7_22

Strategic asset information management: experiences from Finnish companies

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