SAM Made SIMPLE: WERF Project Develops Strategic Asset Management Tools and Practices to Optimize Use of Resources

2008 ◽  
Vol 2008 (7) ◽  
pp. 8082-8092
Author(s):  
Linda Blankenship ◽  
Roy Ramani
Keyword(s):  
Asset Management ◽  
Management Tools ◽  
Use Of Resources

scholarly journals Industry 4.0 Contribution to Asset Management in the Electrical Industry

2021 ◽  
Vol 13 (18) ◽  
pp. 10369
Author(s):  
Gabrielle Biard ◽  
Georges Abdul Nour
Keyword(s):  
Big Data ◽  
Asset Management ◽  
Smart Grids ◽  
Industry 4.0 ◽  
Current Model ◽  
Relevant Information ◽  
Point Of View ◽  
Electrical Networks ◽  
Use Of Resources ◽  
Technological Developments

Industry 4.0 has revolutionized paradigms by leading to major technological developments in several sectors, including the energy sector. Aging equipment fleets and changing demand are challenges facing electricity companies. Forced to limit resources, these organizations must question their method and the current model of asset management (AM). The objective of this article is to detail how industry 4.0 can improve the AM of electrical networks from a global point of view. To do so, the industry 4.0 tools will be presented, as well as a review of the literature on their application and benefits in this area. From the literature review conducted, we observe that once properly structured and managed, big data forms the basis for the implementation of advanced tools and technologies in electrical networks. The data generated by smart grids and data compiled for several years in electrical networks have the characteristics of big data. Therefore, it leaves room for a multitude of possibilities for comprehensive analysis and highly relevant information. Several tools and technologies, such as modeling, simulation as well as the use of algorithms and IoT, combined with big data analysis, leads to innovations that serve a common goal. They facilitate the control of reliability-related risks, maximize the performance of assets, and optimize the intervention frequency. Consequently, they minimize the use of resources by helping decision-making processes.

Asset Management for Buildings within the Framework of Building Information Modeling Development

2017 ◽  
pp. 133-150
Author(s):  
Antonio Jesús Guillén López ◽  
Adolfo Crespo Márquez ◽  
Jose A. Sanz ◽  
Khairy A. H. Kobbacy ◽  
Samir M. Shariff ◽  
...  
Keyword(s):  
Asset Management ◽  
Building Information Modeling ◽  
Information Modeling ◽  
Project Delivery ◽  
Facilities Management ◽  
Management Tools ◽  
Effective Implementation ◽  
Building Information ◽  
Building Operation ◽  
Lifecycle Management

Buildings lifecycle management is an area of great interest. Due this, the R&D is being promoting worldwide looking for new effective maintenance tools and methodologies. In this scenario there are two development lines whose convergence can bring great advances in this area: Asset Management (AM) and Building Information Modeling (BIM). BIM models are transforming the way buildings are conceived, designed, constructed and managed. But current use of BIM concentrates on preplanning, design, construction and integrated project delivery of buildings and facilities, rather than maintenance and building operation management. Asset Management tools, including Facilities Management (FM), and application frameworks provide the approach and required elements to get more efficiency and efficacy in the building lifecycle management. This chapter introduces the application of AM for building and how the development of BIM models is the key element to allow its effective implementation.

Back to the Future Using Root Cause Analysis as a Proactive Risk Management Tool

2014 ◽  
Author(s):  
Phillip Nidd ◽  
Terence Thorn ◽  
Monica K. Porter
Keyword(s):  
Asset Management ◽  
Human Error ◽  
Root Cause Analysis ◽  
Management Tool ◽  
Management Tools ◽  
Cause Analysis ◽  
Root Cause ◽  
Management Standards ◽  
Underlying Causes ◽  
Definition Of

Root Cause Analysis (RCA) can be an effective proactive methodology to forecast or predict probable events even before they occur. It’s use has been embraced by regulators and can be found in the most advanced management tools such as the recently published ISO 55000 series of international management standards for asset management. An RCA identifies both the obvious and the underlying causes of an event so that specific solutions can be implemented. A complete RCA consists of a clear definition of the issue, a thorough analysis supported with evidence and a specific action plant for implementing solutions. In this respect, what may have appeared as a material failure or “human error,” can often be shown to be the result of an inadequate infrastructure management systems or the failure of management processes. Generally thought of as a reactive method of identifying the causes of past incidents, this paper will describe the elements of an RCA and how it can be a powerful tool to identify systems or behaviors that when modified or corrected, will prevent recurrence of similar outcomes.

scholarly journals SISTEM INFORMASI MANAGEMEN DAN AKUNTANSI BARANG MILIK NEGARA DALAM PENERAPAN AKUNTANSI BERBASIS AKRUAL

2019 ◽  
Vol 6 (2) ◽  
pp. 97
Author(s):  
Isti'anah Isti'anah
Keyword(s):  
Asset Management ◽  
Balance Sheet ◽  
Global Scale ◽  
The State ◽  
Management Policy ◽  
Accounting System ◽  
Use Of Resources ◽  
State Finance ◽  
The Government ◽  
Asset Management System

<p class="Style3">One of mandate from Law No. 17/2003, which is one package of the State Finance Regulation, is the implementation of accrual accounting is believed to contain a better policy planning and a more informative approach to asset management. The reform of accounting practices in the government sector has strongly influenced property asset management. On a global scale, implementation of accrual basis as a way to bring the government believed to be more accountable and transparent in the use of resources and government policies in order to execute and perform the duties of State. Indonesia has implemented an asset management system of the State, namely Information Systems and Management of State Assets (SIMAK-BMN) which is part of the Agency Accounting System (SAI). SIMAK-BMN process acquisition of transaction, changes and removal of BMN to support Financial Accounting System (SAK) to Consolidated Balance Sheet. In addition, this system produces various reports, books, and cards that provide managerial information in the management of BMN. Administration activities and reporting of State Property by SIMAK-BMN is a standard in determining of value asset state which proper, correct and reliable. SIMAK - BMN besides supporting the implementation of the accountability, also provide various informations to the management public goods. One such issue is the relationship between accounting reform and asset management reform. This issue is a bundle of accounting issues: (1) how far should asset valuation on the balance sheet be pushed for real properties the government owns, (2) how does shifting to accrual-based accounting standards affect property accounting and management, and (3) how much importance should asset management policy attach to accounting rules?</p>

scholarly journals ASSET MANAGEMENT TOOLS IN THE DIGITAL ENVIRONMENT

2021 ◽  
Author(s):  
LAZAR D. GITELMAN ◽  
TATYANA B. GAVRILOVA ◽  
MIKHAIL V. KOZHEVNIKOV
Keyword(s):  
Asset Management ◽  
Digital Environment ◽  
Management Tools
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