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

    AU - Jännes, Jere

    AU - Ojanen, Ville

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    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