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Physical Assets Management is a much broader approach, and a more challenging scope, than just the maintenance of physical equipment. The asset management models are suitable to treat the current requirements of the systems, including cost, value, risks, and throughout the life cycle. New skills and tools for maintenance management have to be integrated within these models. This paper presents this approach about integrating the development and use of maintenance tools into asset management models. With this view, graphic tools for maintenance management and advanced CBM (Condition-Based Maintenance) systems are analyzed. These tools can play a fundamental role in the effective implementation of assets management models. They allow gathering the information about the system behavior and its interpreting according with strategic aims of assets management.
The Maintenance Management Tools and the Physical Assets Management
This paper presents a general overview of current context of the assets management models and the maintenance management tools, which are considered as pillar for the practical industrial application of these models. The emergence of the Physical Assets Management (PAM), as an important field of action in the industry, is an indisputable fact that has given renewed attention to the maintenance of equipment and infrastructure. The main concern is to ensure the sustainability of assets in organizations (i.e. that they can continue satisfying customers and generating profits safely), but also to ensure their eco-efficiency, or maximum span of their life cycle.
The management of physical assets of an organization involves processes of innovation and continuous improvement at all levels. Therefore, the need for reliable information to allow appropriate study and analysis of reliability and maintainability is one of the main pillars for decision making at a tactical and operational level. Furthermore, they remain correctly aligned with the vision, strategy, and economic indicators of business. In addition, the development of simple technical tools to facilitate the exercise of analysis and results outcome provides a framework for the control and monitoring of action plans implemented in terms of maintenance activities.
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