Asset Management Policy | Strategy | Philosophy
Coefficient Technologies (Pty) Ltd specialises in the development and optimisation of asset care philosophies, and strategies as well as the development of asset and equipment care tactics.
An Asset Management Policy or Philosophy, as part of a well-integrated Asset Management System, is the cornerstone of a solid and complete asset management strategy. It serves as the basis for ensuring that the entire organisation is aligned towards a combined target to enable the adoption of a collaborative approach to informed decision-making and ensure that the right decision is made at the right time. It does this by providing a set of well-defined guiding principles, intentions, goals, and methods for asset management, so everyone feels confident in their choices and contributions to operations.
The approach to developing an Asset Management Policy as the basis for the overall ISO 55001 compliant Asset Management System is based on the relationship between key elements of an asset management system as laid out in ISO 55002. ISO 55000, ISO 55001, and ISO 55002 are the International Standards, which holistically outline best practices relating to an asset management system.
Alignment with these standards allows organisations to improve the realization of value from their assets, establish and maintain continuous improvement of asset management systems, and optimise the full scope of their asset management activities. ISO 55001 specifies the requirements for an asset management system within the context of the organisation and can be applied to all types of assets and organisations.
By performing a detailed gap analysis on your organisation, we take the first step towards ISO 55001 certification. This allows Coefficient Technologies to conduct a gap assessment to determine how mature the client’s asset management practices are and what they need to have in place to ensure a more stable, predictable environment. Informed by the assessment results and collaboration with the you, our potential client, an asset management policy, strategy, key performance indicators and a roadmap will be developed.