Asset Management


I recently returned from the SMRP annual conference in Louisville, KY.  Congratulations to Marshall Institute for an exceptional showing!  I’d also like to thank those in attendance who honored me with the purchase of my newest book, Cover Your A$$ets, Asset Management at Your Place and at Your Pace.  It was a great show.

I had the great honor to present a track session on Asset Management.  It was very well received with an estimated audience size of 150 professionals.  The world, or at least the US, is hungry for information on Asset Management.  During the opening ceremony, we were informed that there were 6,721 CMRPs in the world, 1,130 CMRTs in the world, and only 7 CAMAs in the US.  CAMA is the designation for Certified Asset Management Auditor.  Seven!  Guys, we have got to get busy.

Even if your company doesn’t ascribe to a formal Asset Management certification, wouldn’t you agree that the formality of such a process would be positive for your organization?  It is crucial to understand that a certification in Asset Management, or at least the effort towards it, would be complimentary to TPM.  Where TPM advises that “We are all responsible for our equipment.”  ISO 55000 asserts that “We all will work to ensure the assets return value to the organization.”  I think those two ideas work together.

My second book covers asset management and does so in a very compelling (read that as helpful and ‘fun’) manner.  Our first endeavor towards getting our assets together should be to create an accurate asset list.  I find it interesting, yet concerning, that most organizations can’t agree on what assets we are talking about.  Does your organization currently have an up to date asset listing?  Do you even know where it is?

All things positive stem from this list.  Consequently, many things ‘negative’ can from from an incomplete or inaccurate list.  Start with this list and then stratify this list into weights of importance.  If we can agree among our colleagues what assets we are talking about, then can we agree on how important those assets are?  ISO 55000, the asset management standard, allows us to determine which assets are to be included in the asset management process.  It is, therefore, imperative, that we get this fundamental element right.  Right?



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