In the current economic climate, capital investment is not a desirable option. Improve performance of the assets you already have and gain bigger rewards.

Asset management is essential to assuring the reliability of your physical assets and the consistency of your revenue. It provides a systemised approach to improving the performance of existing assets, as well as enhancing acquisition and disposal processes.

The Asset Management Council has identified six initial and easy steps one can follow to ensure the best asset management opportunities are available for all the people in an organisation:

Step 1: Join the Applied Asset Management Network

Step 2: Educate the organisation broadly

Step 3: Train professionals specifically

Step 4: Self assess online or initiate an external assessment

Step 5: Begin to close the ‘gaps’

Step 6: Reward continuous asset management improvement