Towards an integrated perspective on fleet asset management: Engineering and governance considrations

Tony Rosqvist

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

Abstract

The traditional engineering perspective on asset management concentrates on the operational performance the assets. This perspective aims at managing assets through their life-cycle, from technical specification, to acquisition, operation including maintenance, and disposal. However, the engineering perspective often takes for granted organizational-level factors. For example, a focus on performance at the asset level may lead to ignore performance measures at the business unit level. The governance perspective on asset management usually concentrates on organizational factors, and measures performance in financial terms. In doing so, the governance perspective tends to ignore the engineering considerations required for optimal asset performance. These two perspectives often take each other for granted. However experience demonstrates that an exclusive focus on one or the other may lead to sub-optimal performance. For example, the two perspectives have different time frames: engineering considers the long term asset life-cycle whereas the organizational time frame is based on a yearly financial calendar. Asset fleets provide a relevant and important context to investigate the interaction between engineering and governance views on asset management as fleets have distributed system characteristics. In this project we investigate how engineering and governance perspectives can be reconciled and integrated to enable optimal asset and organizational performance in the context of asset fleets.
Original languageEnglish
Title of host publicationProceedings of the 3rd World Congress on Engineering Asset Management and Intelligent Maintenance Systems, WCEAM-IMS 2008
PublisherSpringer
Pages1553-1567
ISBN (Print)978-1-84882-216-0
Publication statusPublished - 2008
MoE publication typeA4 Article in a conference publication
Event3rd World Congress on Engineering Asset Management and Intelligent Maintenance Systems, WCEAM-IMS 2008 - Beijing, China
Duration: 27 Oct 200830 Oct 2008

Conference

Conference3rd World Congress on Engineering Asset Management and Intelligent Maintenance Systems, WCEAM-IMS 2008
Abbreviated titleWCEAM-IMS 2008
CountryChina
CityBeijing
Period27/10/0830/10/08

Keywords

  • engineering asset management
  • fleet management
  • governance
  • asset performance

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  • Cite this

    Rosqvist, T. (2008). Towards an integrated perspective on fleet asset management: Engineering and governance considrations. In Proceedings of the 3rd World Congress on Engineering Asset Management and Intelligent Maintenance Systems, WCEAM-IMS 2008 (pp. 1553-1567). Springer.