Organization-Wide Physical Asset Management. Dharmen Dhaliah
Organization-Wide
Physical Asset Management
A Systems Approach
Organization-Wide
Physical Asset Management
A Systems Approach
Dharmen Dhaliah
INDUSTRIAL PRESS, INC.
Industrial Press, Inc.
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Author: Dharmen Dhaliah
Title: Organization-Wide Physical Asset Management: A Systems Approach
Library of Congress Control Number: 2019951359
© by Industrial Press.
All rights reserved. Published in 2020.
Printed in the United States of America.
ISBN (print): 978-0-8311-3652-9
ISBN (ePDF): 978-0-8311-9552-6
ISBN (ePUB): 978-0-8311-9553-3
ISBN (eMOBI): 978-0-8311-9554-0
Editorial Director/Publisher: Judy Bass
Copy Editor: Elise Davies
Compositor: Patricia Wallenburg, TypeWriting
Proofreader: Judy Duguid
Indexer: Karin Arrigoni
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This book is dedicated to asset management practitioners,
senior leadership members, and most specifically
to aspiring asset management professionals
including graduate, undergraduate, and post graduate students
looking for advice to get into this amazing field
of physical asset management.
Good luck to everyone in their Organization-Wide
Physical Asset Management journey!
CONTENTS
Physical Asset Management in Organizations
The Strategic Asset Management Plan
Physical Asset Management Strategy
CHAPTER 5
Physical Asset Planning
CHAPTER 6
The Tactical Asset Management Plan
CHAPTER 7
Essential Enablers
CHAPTER 8
The Operationalization Challenges
CHAPTER 9
Organization—A Complex System
CHAPTER 10
The Need for an Effective Physical Asset Management System
CHAPTER 11
Characteristics of an Effective Physical Asset Management System
CHAPTER 12
Moving Toward Organization-Wide Physical Asset Management
CHAPTER 13
Organization-Wide Physical Asset Management
CHAPTER 14
OWPAM System of Interdependencies
CHAPTER 15
OWPAM Systemic Implementation Process
Index
The electric light did not come from the continuous improvement of candles.
—Oren Harari
If you read my first book, Physical Asset Management: An Organizational Challenge, you may have been wondering what comes next. You may have several questions or concerns regarding physical asset management challenges in organizations and how to resolve them. You may have questions such as “What if we no longer did what we do now?”—not with the intention of abandoning current physical asset management activities, but as a way to take advantage of existing strengths and new opportunities to resolve the existing challenges. What are our alternatives in terms of approach to get different (better) results? If you have not read the book, I recommend that you grab a copy and come up with some questions yourself. This will help frame the challenges your organization is actually facing to implement a holistic physical asset management philosophy.
In this book we will continue to elaborate more on the subject of holistic physical asset management and the approach that organizations need to take. Hopefully some, if not all, of your questions will get answered, while new ones keep cropping up. There is no magic pill or straight answer to resolve the challenges. But understanding them and being more prepared to face them will definitely help.
We previously looked at the asset management field and how its “new” expectations fit in organizations