Enterprise asset management (EAM) is a process of managing the lifecycle of physical assets and equipment in order to maximise its lifetime, reduce costs, improve quality and efficiency, health of assets and environmental safety.

Using spreadsheets to manage an ever-growing asset register can lead to problems with business efficiency, SARS compliance through to poor or inaccurate depreciation calculations, audit trail issues and an inability to meet historical reporting and forecasting requirements.

EAM is used to plan, optimize, execute, and track the needed maintenance activities with the associated priorities, skills, materials, tools, and information.

This includes procurement, design, finance, risk management, human resources, operations and maintenance. Enterprise Asset Management is the focusing of enterprise-wide time, effort and resources to achieve optimal total business impact through the performance of its assets.

Asset Management (AM) Strategy & Policy

  • Rapid diagnostic of current asset management capabilities
  • Asset management maturity assessment
  • Asset management strategy and long-term planning
  • Asset management policy & procedures

Asset Portfolio Planning & Management

  • Project Management
  • Asset classification
  • Asset class strategy
  • Asset class policy
  • Asset class optimisation, processes and procedures

Asset Delivery Management

  • Investment decision management
  • Procurement and contract management
  • Program setup, controls and performance management
  • Integrated design and delivery management
  • Asset maintenance strategy and planning
  • Asset operations strategy and planning

Asset Risk Management & Governance

  • Asset accountabilities
  • Asset standards
  • Organisational structure
  • Asset compliance and reporting into relevant acts, regulations and standards
  • Continuous improvement

Technology Enabled Asset Management

  • Technology assessment and comparative review
  • System selection and procurement
  • Business transformation
  • Change management

Asset Lifecycle Management

  • Asset tagging & verification
  • Impairment and RUL reviews
  • Compilation and maintenance of fixed asset register
  • Reconciliations and alignment of bespoke asset data
  • Return on assets management
  • Total cost of ownership of assets through its lifecycle

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