Strategic asset information management: experiences from Finnish companies

Jyri Hanski, Jere Jännes, Ville Ojanen, Pasi Valkokari

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-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 languageEnglish
Title of host publicationProceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015)
EditorsKari Koskinen, Helena Kortelainen, Jussi Aaltonen, Teuvo Uusitalo, Kari Komonen, Joseph Mathew, Jouko Laitinen
PublisherSpringer
Pages227-236
ISBN (Electronic)978-3-319-27064-7
ISBN (Print)978-3-319-27062-3
DOIs
Publication statusPublished - 26 Mar 2016
MoE publication typeA4 Article in a conference publication
Event10th World Congress on Engineering Asset Management, WCEAM 2015 - Tampere Hall, Tampere, Finland
Duration: 28 Sep 201530 Sep 2015

Publication series

SeriesLecture Notes in Mechanical Engineering
ISSN2195-4356

Conference

Conference10th World Congress on Engineering Asset Management, WCEAM 2015
Abbreviated titleWCEAM 2015
CountryFinland
CityTampere
Period28/09/1530/09/15

Fingerprint

Assets
Strategic assets
Information management
Sustainability
Asset management
Decision making
Fault
Machinery
Economics
Sustainability reporting
Management practices
Best practice
Value of information
Management system

Keywords

  • asset management
  • ISO 55000
  • information management
  • sustainability

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 ; Valkokari, Pasi. / 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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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; Valkokari, Pasi.

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 proceedingConference article in proceedingsScientificpeer-review

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AU - Jännes, Jere

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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.

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A2 - Laitinen, Jouko

PB - Springer

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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). https://doi.org/10.1007/978-3-319-27064-7_22