What is Asset Management, and Why a Newsletter?

What is Asset Management?

Asset Management is a disciplined approach to making sure things work the way we need them to work. Since the dawn of time, our ancestors managed assets starting with the sticks and stones they used to protect themselves and get things done. This newsletter will focus on asset management as a disciplined approach, that is the “management of assets” and not “managing assets”. This distinction seems nuanced, but as covered in the short paper published by the International Standards Organization (ISO) Technical Committee 251 on Asset Management titled: Managing Assets in the Context of Asset Management (link below), this nuance provides perspective to help organizations understand what is meant by disciplined asset management.

https://committee.iso.org/sites/tc251/home/news/content-left-area/news-and-updates/new-article-managing-assets-in-t.html

This newsletter will explore the topic of asset management through the lens of facility assets. Facility assets enable al…