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9th WCEAM Research Papers pp 447–457Cite as

The Asset Management Process Reference Model for Infrastructures

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Part of the book series: Lecture Notes in Mechanical Engineering ((LNME))

Abstract

Asset management is a concept that has a very wide range of use across industrial sectors and regions, often with different levels of maturity. Standards like PAS55-1 and its successor ISO 55001 have been developed as a form of guidance on what should be in place to qualify as an asset manager. However, those standards only prescribe what needs to be in place, not how these requirements should be fulfilled. In part, this is a good thing as the best approach to asset management varies amongst organizations. Yet, in implementing asset management many organizations struggle with the how. This is especially true for infrastructures, as the most difficult part of asset management is dealing with risk and risk is even more important for infrastructures than for other asset bases. The guidelines for application of the standards shed some light, but often not enough. A stronger guideline in the form of a reference model is needed. In this paper we describe a reference model for the asset management system that fulfills the requirement in an infrastructure context. This reference model is the result of some 15 years of developing and implementing asset management in a variety of infrastructures.

This chapter has been included as an additional chapter. The erratum to this chapter is availble at DOI 10.1007/978-3-319-15536-4_36

An erratum to this chapter can be found at http://dx.doi.org/10.1007/978-3-319-15536-4_36

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Notes

  1. 1.

    The norm consists of 3 parts: the terminology (55000), the requirements (55001) and guidelines (55002). In general, when ISO 55000 is mentioned, reference is made to the series, not only to the terminology. In this paper, we try to be more precise.

  2. 2.

    The plural infrastructures is used here to indicate the different technological subsets that make up the total infrastructure of a society, like the road infrastructure, the electricity infrastructure and so on. These technological subsets are often managed by different organizations, and asset management is implemented per organization.

  3. 3.

    Though they could be owned by private companies, like the electricity and gas infrastructure assets in the Netherlands. The shareholders of these private companies are several local and provincial governments. Nevertheless, the accounting rules that apply are those of private companies. Ownership in this section is truly about the juristic ownership.

  4. 4.

    If, in this paper, performance of infrastructure assets is mentioned, the total effect of all incidents is meant.

  5. 5.

    However, this may be a special case for infrastructures, with their long lived assets in stable environments. Other asset management settings may be much more violent.

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Author information

Authors and Affiliations

  1. Delft University of Technology, Jaffalaan 5, 2628 BX, Delft, The Netherlands

    Ype Wijnia

  2. Asset Resolutions BV, PO Box 30113, 8003 CC, Zwolle, The Netherlands

    Ype Wijnia & John de Croon

Authors
  1. Ype Wijnia
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  2. John de Croon
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Corresponding author

Correspondence to Ype Wijnia .

Editor information

Editors and Affiliations

  1. Department of Engineering and Technology Management, University of Pretoria, Pretoria, South Africa

    Joe Amadi-Echendu

  2. Dynacon Consulting Engineers (Pty) Ltd, Johannesburg, South Africa

    Changela Hoohlo

  3. Asset Institute, Brisbane, Queensland, Australia

    Joe Mathew

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Wijnia, Y., de Croon, J. (2015). The Asset Management Process Reference Model for Infrastructures. In: Amadi-Echendu, J., Hoohlo, C., Mathew, J. (eds) 9th WCEAM Research Papers. Lecture Notes in Mechanical Engineering. Springer, Cham. https://doi.org/10.1007/978-3-319-15536-4_35

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  • DOI: https://doi.org/10.1007/978-3-319-15536-4_35

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-15535-7

  • Online ISBN: 978-3-319-15536-4

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