Companies want to develop Asset Management processes in a standardized, practical, successful, measurable etc. form. So where to start? Point no 1 is of courses R&R so roles and responsibilities in the whole AM system – on a group/division/regional level, and on site/business unit level. But R&Rs refers to processes so number 2 is…. Asset Management process structure. Usually from 15 up to even 40 processes listed under main process of Asset Management.

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And now let’s try to define what is the fundament for most of these processes. In Asset Management we need to know what we manage. Process of design, work management, cost allocation, reliability analysis (etc) need to base on something – an asset. Even more – a functional asset. Why have I underlined that I need functional assets in first line in my hierarchy? More on: