Services

What is Asset Management?

Asset management involves managing the entire lifecycle of assets, from acquisition, use, and maintenance to decommissioning and disposal. The goal is to optimize the performance and cost-effectiveness of assets throughout their lifecycle.

In the dynamic landscape of current times, effective asset management has emerged as a cornerstone of operational excellence for both public and private enterprises. Efficient asset management not only ensures optimal utilization and increases the lifespan of assets but also significantly reduces maintenance costs, which ultimately reflects in the form of an overall healthy bottom line.

SAM Consulting is fully certified in ISO 55000:2014, 9001:2015, 14001:2015 and 45001:2018 standards.

ASSET MANAGEMENT

As an Asset Management consultancy we provide professional services to Public and Private sector organisations who are responsible for overseeing the Life Cycle Management of their Assets, as owners or as operators, overseeing asset management on behalf of their clients and/or stakeholders.

Our team of experts and advisors can help establish Asset Management best practice to ISO 55000/1 in your organisations and assist in the transfer of knowledge to your Asset Management resources. We cab develop personnel and team competencies that will elevate your Organisation. Our services will help you meet your Asset Management goals and practices to recognised international maturity level.

We can provide skills in how to develop various elements from top organisational Management level to field operators such that everyone is aligned to achieve strategic objectives efficiently and effectively within the organisation.

Examples of industries which rely heavily on Asset Management practices include:

Utilities: Companies in the utilities sector, such as water, electricity, gas, and renewable energy providers.

Oil and Gas: The oil and gas industry that involves complex infrastructure and equipment, from extraction and refining to transportation and distribution.

Manufacturing: Manufacturing companies have significant investments in machinery, equipment, and facilities.

Transportation: Asset-intensive industries like transportation (including railways, aviation, maritime, and road transportation)

Facilities Management: Organizations responsible for managing facilities, such as commercial buildings, hospitals, educational institutions, and government agencies.

Infrastructure: Infrastructure sectors, including public works, highways, bridges, and urban development projects and infrastructure assets.

Mining: Mining companies deal with extensive and expensive equipment and infrastructure.

Telecommunications: Telecommunication companies rely on a vast array of physical assets, including network infrastructure, towers, and data canters.

Healthcare: Hospitals and healthcare facilities

See below a list of some of our services.......

Consultancy
Outlining the asset management goals aligned to the overall strategic objectives of the organization, including its vision, mission, and key performance indicators (KPIs).

Data Collection
Asset inventory and attribute data collection and the required asset condition assessments (to enable engineering decisions for interventions to extend the asset life).

Asset Information Management
Establishing processes and systems for capturing, storing, and managing asset information throughout their lifecycle. This includes asset documentation handover for completed projects, maintenance manuals, historical data, and other relevant financial information necessary for informed decision-making, as well as the implementation of the appropriate technology solutions and tools like Computerized Maintenance Management Systems (CMMS) and Enterprise Asset Management (EAM) software can enable organized asset tracking and data analytics.

Preventive Maintenance Planning
Developing schedules and procedures for regular maintenance to prevent equipment failure, extend asset life, and minimize unplanned downtime.

Asset Performance Management
Defining key performance indicators (KPIs) to measure the effectiveness and efficiency of asset management practices. Implementation of systems for ongoing monitoring, data collection, analysis to help track performance against targets, and investments in improvements to meet strategic goals.

Stakeholder Management
Undertaking stakeholder engagement and communication. engaging with internal and external stakeholders, including executives, employees, suppliers, regulators, and customers, to garner support for asset management initiatives and ensure alignment with stakeholder needs and expectations.

Risk Management
Identifying and assessing risks associated with asset ownership and operation, including risks related to safety, compliance, performance, and financial viability.

Training and Capacity Building
Developing best practices and providing training through certified industry experts to improve staff capabilities to reach a higher maturity level of practitioners to activate a multidisciplinary approach that encourages collaboration across departments and functions.

Safety and Compliance
Ensuring that assets are operated and maintained in compliance with the applicable safety standards and regulatory requirements, minimizing the risk of accidents and legal penalties.

Energy Management
Integrating principles of sustainability and environmental responsibility into asset management practices, considering factors such as energy efficiency, carbon footprint, and environmental impact.

International Certification
Undertaking gap analysis and audits for compliance with ISO 55001, registration, and accreditation with the Institute of Asset Management.

Continual Improvement
Establishing a culture of continuous improvement by regularly reviewing and updating asset management processes, policies, and procedures based on lessons learned, feedback, and changing business conditions.

CONTACT US

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