A comparative study on asset management capability maturity models

Article

Mahmood, Muhammad Nateque, Dhakal, Subas, Wiewiora, Anna, Brown, Kerry and Keast, Robyn. 2015. "A comparative study on asset management capability maturity models." International Journal of Strategic Engineering Asset Management. 2 (4), pp. 328-347. https://doi.org/10.1504/IJSEAM.2015.075412
Article Title

A comparative study on asset management capability maturity models

ERA Journal ID200823
Article CategoryArticle
AuthorsMahmood, Muhammad Nateque (Author), Dhakal, Subas (Author), Wiewiora, Anna (Author), Brown, Kerry (Author) and Keast, Robyn (Author)
Journal TitleInternational Journal of Strategic Engineering Asset Management
Journal Citation2 (4), pp. 328-347
Number of Pages20
Year2015
Place of PublicationUnited Kingdom
ISSN1759-9733
1759-9741
Digital Object Identifier (DOI)https://doi.org/10.1504/IJSEAM.2015.075412
Web Address (URL)http://www.inderscienceonline.com/doi/abs/10.1504/IJSEAM.2015.075412
Abstract

Asset service organisations often recognise asset management as a core competence to deliver benefits to their business; however, it is less clear about how organisations know whether their asset management processes are adequate. This paper contends that asset management maturity models, which combine best practices with identified competencies, may provide a useful approach to test the capacity of organisations to manage assets. Existing capability maturity models are subject to wide variations in their implementation and sophistication. Drawing on five dimensions of effective asset management – spatial, temporal, organisational, statistical and evaluation – as identified by Amadi-Echendu et al. (2010), this paper undertakes a comprehensive comparative analysis of six existing maturity models to identify the gaps in key process areas. Results suggest incorporating these dimensions into an integrated approach to assess the maturity of asset intensive organisations would provide a comprehensive approach towards assessing capabilities of asset service organisations.

Keywordsasset management; capability maturity model; CMM; integrated approach, whole-of-life-cycle
ANZSRC Field of Research 2020400508. Infrastructure engineering and asset management
409999. Other engineering not elsewhere classified
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Byline AffiliationsSchool of Civil Engineering and Surveying
Curtin University of Technology
Queensland University of Technology
Southern Cross University
Institution of OriginUniversity of Southern Queensland
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