Asset Management
PicksGroup’s Asset Management Program (TAIM) is a strategic asset management methodology that delivers
cost effective solutions for developing, implementing and maintaining sustainable Asset Management Systems.
TAIM has a focus on alignment with international standards, delivering process and systems standardisation
within complex organisations and government agencies that have historically operated multiple functional
groups or projects.
The TAIM methodologies enable the “whole of life” or “cradle to grave” approach to Asset Management, and
also focuses on realising cost benefit over specific time lines.
The PicksGroup methodologies are easily implemented, adaptable, user friendly and performance measurable.
Generating performance and maturity reporting as well as knowledge retention
planning and competency-based training requirements as a minimum standard.
TAIM : Tactical Asset Integrity Management
What is Considered an Asset?
Assets can be classified as physical objects, such as buildings, vehicles and equipment, or other such as human capital, intellectual property (IP),
digital assets and financial/investment assets. The International Standard, ISO 55000, provides an introduction and outlines the requirements,
specifications and guidelines for successful application of asset management.
What is Asset Management?
Asset Management is the systematic approach to the monitoring, governance, reporting and
benefit realisation of an asset of an organisation. A tactical or strategic approach to Asset
Management (AM) plans to maintain assets over their whole life cycles according to the assets
use, function, environment and cost. Asset Management may apply to both the actual physical
objects such as buildings, vehicles or equipment and to assets like human capital, intellectual
property (IP), and financial/investment assets.
The purpose of Asset Management planning is to create a systematic process of developing,
operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner.
The International Standard, ISO 55000, provides an introduction and outlines the requirements,
specifications and guidelines for successful application of asset management.
Infrastructure and Project Asset Management is the combination of management, financial,
economic, engineering, and other practices applied to physical assets, with the objective of
providing the best value level of service versus costs involved. It includes the management of the
whole of life or life cycle; including design, construction, commissioning, operating, maintaining,
repairing, modifying, replacing and decommissioning/disposal of physical and infrastructure
assets.
Successful asset management considers risks of failure to the business, or asset criticality, risk of
non-compliance and risk to people & environment. Impacts and mitigation strategies are taken
into account during assessment and help focus tactical or strategic planning, as well as
continuous improvement programs.
What is an Asset
Management System?
Strategic Asset Management Plan or SAMP is just as the name suggests. It is a step by step plan of how we will complete a specific project or program of works. However, a quality SAMP will also ensure we meet the fundamentals of good asset management: Value, Alignment, Leadership and Assurance.
There are several methodologies available that can help build a SAMP. Using ISO:55000 as a guide to start your SAMP development is strongly recommended by the PicksGroup Asset Management team.
A quality SAMP should aim to maximise organisational outcomes by:
Understanding the context of the asset management system in supporting f the organisation’s objectives
Organisational strategy and objectives need to be defined
Defining the scope (in terms of activities and assets) of the formal management system that will be implemented to deliver the required objectives (this may require full or only partial compliance with ISO 55001)
Ensuring a fit-for-purpose management system is in place, establishing an Asset Management Policy, Asset Management Objectives and the necessary processes to achieve these objective. The management system should “work for” the organisation, not vice versa.
Encompassing life cycle from the start and future proofing
Training and competency assessments
What is a Strategic Asset Management
Plan or SAMP?
Strategic Asset Management Plan or SAMP is just as the name suggests. It is a step by step plan of how we will complete a specific project or program of works. However, a quality SAMP will also ensure we meet the fundamentals of good asset management: Value, Alignment, Leadership and Assurance.
There are several methodologies available that can help build a SAMP. Using ISO:55000 as a guide to start your SAMP development is strongly recommended by the PicksGroup Asset Management team.
A quality SAMP should aim to maximise organisational outcomes by:
Understanding the context of the asset management system in supporting the organisation’s objectives
Organisational strategy and objectives need to be defined
Defining the scope (in terms of activities and assets) of the formal management system that will be implemented to deliver the required objectives (this may require full or only partial compliance with ISO 55001)
Ensuring a fit-for-purpose management system is in place, establishing an Asset Management Policy, Asset Management Objectives and the necessary processes to achieve these objective. The management system should “work for” the organisation, not vice versa.
Encompassing life cycle from the start and future proofing
Training and competency assessments
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