Strategic infrastructure asset management: the way forward
Paper
Paper/Presentation Title | Strategic infrastructure asset management: the way forward |
---|---|
Presentation Type | Paper |
Authors | |
Author | Too, Eric G. |
Editors | Mathew, Joseph, Ma, Maode, Tan, Andy, Weijnen, Margot and Lee, Jay |
Journal or Proceedings Title | Engineering Asset Management and Infrastructure Sustainability: Proceedings of the 5th World Congress On Engineering Asset Management (WCEAM 2010) |
ERA Conference ID | 44258 |
Number of Pages | 14 |
Year | 2011 |
Place of Publication | London, United Kingdom |
ISBN | 9780857293015 |
Digital Object Identifier (DOI) | https://doi.org/10.1007/978-0-85729-493-7_73 |
Web Address (URL) of Paper | http://link.springer.com/chapter/10.1007/978-0-85729-493-7_73 |
Conference/Event | 5th World Congress on Engineering Asset Management (WCEAM 2010): Engineering Asset Management and Infrastructure Sustainability |
World Congress on Engineering Asset Management | |
Event Details | World Congress on Engineering Asset Management WCEAM-IMS Rank C C C C C |
Event Details | 5th World Congress on Engineering Asset Management (WCEAM 2010): Engineering Asset Management and Infrastructure Sustainability Event Date 25 to end of 27 Oct 2010 Event Location Brisbane, Australia |
Abstract | Organisations owning and managing infrastructure asset are constantly striving to obtain the greatest lifetime value from their infrastructure assets. Many such organisations have adopted the concept of 'asset management' with the aim of improving the performance of their infrastructure assets. This paper evaluates the adoption of asset management to improve performance in the context of organisations managing infrastructure assets. Relevant previous research studies on main barriers to the adoption of asset management are reviewed. Analysis of these findings, together with deductive reasoning, leads to the development of the proposed improvement strategies. Three issues were identified as barrier to the advancement of the concept of asset management. They are (1) lack of recognition, (2) fragmentation; and (3) growing complexity. To overcome these issues, this paper suggests that the organisations manage infrastructure assets must (1) adopt a more strategic approach in the management of infrastructure assets, (2) develop a framework of strategic infrastructure asset management processes, and (3) identify the core capabilities needed in the management of infrastructure assets. This paper presents the direction for further research to advance the concept of asset management in the management of infrastructure asset. |
Keywords | asset management; strategic; capabilities; processes |
ANZSRC Field of Research 2020 | 400508. Infrastructure engineering and asset management |
350709. Organisation and management theory | |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | Queensland University of Technology |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q159z/strategic-infrastructure-asset-management-the-way-forward
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