Introduction to Asset Management Foundational Thinking

AM Foundational Thinking Miniseries - Reloaded

This issue begins a miniseries on asset management foundational thinking. Preceding issues established context and clarified that asset management is a journey. They explained why it will always remain a journey, in fact that is exactly the intention of every continual improvement process. They made clear asset management needs to be principle-based to achieve outcomes. They also highlighted how management system thinking, digitalization, and artificial intelligence (AI) provide pathways to limitless asset management and value generation.

Hidden in plain sight was foundational thinking that makes all of this possible.  Foundational thinking covers first principles or laws of behavior and economics that help us understand how things work. Foundational thinking informs the critical thinking we use to solve problems.

This asset management foundational thinking miniseries will begin in the late 1980s to introduce the next decade. The 1990’s was a productive decade establishing modern asset …