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| define it asset management: Definitions, Concepts and Scope of Engineering Asset Management Joe E. Amadi-Echendu, Kerry Brown, Roger Willett, Joseph Mathew, 2010-11-02 Definitions, Concepts and Scope of Engineering Asset Management, the first volume in this new review series, seeks to minimise ambiguities in the subject matter. The ongoing effort to develop guidelines is shaping the future towards the creation of a body of knowledge for the management of engineered physical assets. Increasingly, industry practitioners are looking for strategies and tactics that can be applied to enhance the value-creating capacities of new and installed asset systems. The new knowledge-based economy paradigm provides imperatives to combine various disciplines, knowledge areas and skills for effective engineering asset management. This volume comprises selected papers from the 1st, 2nd, and 3rd World Congresses on Engineering Asset Management, which were convened under the auspices of ISEAM in collaboration with a number of organisations, including CIEAM Australia, Asset Management Council Australia, BINDT UK, and Chinese Academy of Sciences, Beijing University of Chemical Technology, China. Definitions, Concepts and Scope of Engineering Asset Management will be of interest to researchers in engineering, innovation and technology management, as well as to managers, planners and policy-makers in both industry and government. |
| define it asset management: Pocket CIO – The Guide to Successful IT Asset Management Phara McLachlan, 2018-03-30 Create and manage a clear working IT asset management strategy with this unique guide Key Features A detailed IT Asset Management (ITAM) guidebook with real-world templates that can be converted into working ITAM documents Includes in-depth discussion on how risk management has changed and the possible solutions needed to address the new normal A step-by-step ITAM manual for newbies as well as seasoned ITAM veterans Book DescriptionThis book is a detailed IT Asset Management (ITAM) guidebook with real-world templates that can be converted into working ITAM documents. It is a step-by-step IT Asset Management manual for the newbies as well as the seasoned ITAM veterans, providing a unique insight into asset management. It discusses how risk management has changed over time and the possible solutions needed to address the new normal. This book is your perfect guide to create holistic IT Asset Management and Software Asset Management programs that close the risk gaps, increases productivity and results in cost efficiencies. It allows the IT Asset Managers, Software Asset Managers, and/or the full ITAM program team to take a deep dive by using the templates offered in the guidebook. You will be aware of the specific roles and responsibilities for every aspect of IT Asset Management, Software Asset Management, and Software License Compliance Audit Response. By the end of this book, you will be well aware of what IT and Software Asset Management is all about and the different steps, processes, and roles required to truly master it.What you will learn Close the hidden risk gaps created by IT assets (hardware and software) Create and manage a proactive ITAM and SAM program and policy A clear, concise explanation of what IT Asset Management and Software Asset Management is, the benefits, and results The best ways to manage a software audit and how to be prepared for one Considerations for selecting the best technology for a specific company including what questions should be asked at the onset Increasing ITAM program and project success with change management Who this book is for This book is intended for CIOs, VPs and CTOs of mid to large-sized enterprises and organizations. If you are dealing with changes such as mergers, acquisitions, divestitures, new products or services, cyber security, mandated regulations, expansion, and much more, this book will help you too. |
| define it asset management: Engineering Asset Management Joseph Mathew, Lin Ma, Andy Tan, Deryk Anderson, 2008-02-06 It is with great pleasure that we welcome you to the inaugural World Congress on Engineering Asset Management (WCEAM) being held at the Conrad Jupiters Hotel on the Gold Coast from July 11 to 14, 2006. More than 170 authors from 28 countries have contributed over 160 papers to be presented over the first three days of the conference. Day four will be host to a series of workshops devoted to the practice of various aspects of Engineering Asset Management. WCEAM is a new annual global forum on the various multidisciplinary aspects of Engineering Asset Management. It deals with the presentation and publication of outputs of research and development activities as well as the application of knowledge in the practical aspects of: strategic asset management risk management in asset management design and life-cycle integrity of physical assets asset performance and level of service models financial analysis methods for physical assets reliability modelling and prognostics information systems and knowledge management asset data management, warehousing and mining condition monitoring and intelligent maintenance intelligent sensors and devices regulations and standards in asset management human dimensions in integrated asset management education and training in asset management and performance management in asset management. We have attracted academics, practitioners and scientists from around the world to share their knowledge in this important emerging transdiscipline that impacts on almost every aspect of daily life. |
| define it asset management: Engineering Asset Management Dimitris Kiritsis, Christos Emmanouilidis, Andy Koronios, Joseph Mathew, 2011-02-03 Engineering Asset Management discusses state-of-the-art trends and developments in the emerging field of engineering asset management as presented at the Fourth World Congress on Engineering Asset Management (WCEAM). It is an excellent reference for practitioners, researchers and students in the multidisciplinary field of asset management, covering such topics as asset condition monitoring and intelligent maintenance; asset data warehousing, data mining and fusion; asset performance and level-of-service models; design and life-cycle integrity of physical assets; deterioration and preservation models for assets; education and training in asset management; engineering standards in asset management; fault diagnosis and prognostics; financial analysis methods for physical assets; human dimensions in integrated asset management; information quality management; information systems and knowledge management; intelligent sensors and devices; maintenance strategies in asset management; optimisation decisions in asset management; risk management in asset management; strategic asset management; and sustainability in asset management. |
| define it asset management: Maintenance Excellence John D. Campbell, Andrew K.S. Jardine, 2001-02-13 Considering maintenance from a proactive, rather than reactive, perspective, Maintenance Excellence details the strategies, tools, and solutions for maximizing the productivity of physical assets—focusing on profitability potential. The editors address contemporary concerns, key terms, data requirements, critical methodologies, and essential mathematical needs. They present maintenance in a business context, review planning, measurement, feedback, and techniques related to cost, efficiency, and results, and summarize applications of tools and software from statistics and neural networks to cost-optimized models. |
| define it asset management: Efficient Asset Management Richard O. Michaud, Robert O. Michaud, 2008-03-03 In spite of theoretical benefits, Markowitz mean-variance (MV) optimized portfolios often fail to meet practical investment goals of marketability, usability, and performance, prompting many investors to seek simpler alternatives. Financial experts Richard and Robert Michaud demonstrate that the limitations of MV optimization are not the result of conceptual flaws in Markowitz theory but unrealistic representation of investment information. What is missing is a realistic treatment of estimation error in the optimization and rebalancing process. The text provides a non-technical review of classical Markowitz optimization and traditional objections. The authors demonstrate that in practice the single most important limitation of MV optimization is oversensitivity to estimation error. Portfolio optimization requires a modern statistical perspective. Efficient Asset Management, Second Edition uses Monte Carlo resampling to address information uncertainty and define Resampled Efficiency (RE) technology. RE optimized portfolios represent a new definition of portfolio optimality that is more investment intuitive, robust, and provably investment effective. RE rebalancing provides the first rigorous portfolio trading, monitoring, and asset importance rules, avoiding widespread ad hoc methods in current practice. The Second Edition resolves several open issues and misunderstandings that have emerged since the original edition. The new edition includes new proofs of effectiveness, substantial revisions of statistical estimation, extensive discussion of long-short optimization, and new tools for dealing with estimation error in applications and enhancing computational efficiency. RE optimization is shown to be a Bayesian-based generalization and enhancement of Markowitz's solution. RE technology corrects many current practices that may adversely impact the investment value of trillions of dollars under current asset management. RE optimization technology may also be useful in other financial optimizations and more generally in multivariate estimation contexts of information uncertainty with Bayesian linear constraints. Michaud and Michaud's new book includes numerous additional proposals to enhance investment value including Stein and Bayesian methods for improved input estimation, the use of portfolio priors, and an economic perspective for asset-liability optimization. Applications include investment policy, asset allocation, and equity portfolio optimization. A simple global asset allocation problem illustrates portfolio optimization techniques. A final chapter includes practical advice for avoiding simple portfolio design errors. With its important implications for investment practice, Efficient Asset Management 's highly intuitive yet rigorous approach to defining optimal portfolios will appeal to investment management executives, consultants, brokers, and anyone seeking to stay abreast of current investment technology. Through practical examples and illustrations, Michaud and Michaud update the practice of optimization for modern investment management. |
| define it asset management: International Infrastructure Management Manual , 2006 Manual provides guidelines for best management practices for all infrastructure assets in the public and private sectors at the lowest life cycle cost. |
| define it asset management: Assetization Kean Birch, Fabian Muniesa, 2020-07-14 How the asset—anything that can be controlled, traded, and capitalized as a revenue stream—has become the primary basis of technoscientific capitalism. In this book, scholars from a range of disciplines argue that the asset—meaning anything that can be controlled, traded, and capitalized as a revenue stream—has become the primary basis of technoscientific capitalism. An asset can be an object or an experience, a sum of money or a life form, a patent or a bodily function. A process of assetization prevails, imposing investment and return as the key rationale, and overtaking commodification and its speculative logic. Although assets can be bought and sold, the point is to get a durable economic rent from them rather than make a killing on the market. Assetization examines how assets are constructed and how a variety of things can be turned into assets, analyzing the interests, activities, skills, organizations, and relations entangled in this process. The contributors consider the assetization of knowledge, including patents, personal data, and biomedical innovation; of infrastructure, including railways and energy; of nature, including mineral deposits, agricultural seeds, and “natural capital”; and of publics, including such public goods as higher education and “monetizable social ills.” Taken together, the chapters show the usefulness of assetization as an analytical tool and as an element in the critique of capitalism. Contributors Thomas Beauvisage, Kean Birch, Veit Braun, Natalia Buier, Béatrice Cointe, Paul Robert Gilbert, Hyo Yoon Kang, Les Levidow, Kevin Mellet, Sveta Milyaeva, Fabian Muniesa, Alain Nadaï, Daniel Neyland, Victor Roy, James W. Williams |
| define it asset management: Asset Management Excellence John D. Campbell, Andrew K.S. Jardine, Joel McGlynn, Don M. Barry, 2024-02-09 This is the third edition of Asset Management Excellence: Optimizing Equipment Life-Cycle Decisions. This edition acknowledges and introduces the many changes to the Asset Management business while continuing to explain the supporting fundamentals. Since the second edition, there have been many influences of change in asset management, society’s expectations, and supporting technologies. In this edition, the contributors have revisited the content and have updated and added insights and information based on the emerging influences in thinking and the continued evolution of applied technologies since the prior editions. New in the Third Edition: Updates across each of the second edition chapters to align with today’s insights Updates on technologies now available to support Asset Management, including related software packaging, the Internet of Things (IoT), Machine Learning, and Artificial Intelligence Insights on how Information Technology can step up to help an asset-intensive organization compete, drive to operational excellence and automation A chapter on sustainability and the influence Asset Management may have on this higher-focus priority A chapter on change enablement as the process and technology changes impact the various stakeholders of asset-intensive organizations The fundamentals of Asset Management are essential as Asset-intensive organizations look to technologies to help them compete. AI is becoming pervasive but must be confirmed and aligned with the fundamentals. This edition will provoke thought as each organization determines its next steps toward its new challenges in Asset Management. |
| define it asset management: Making Enterprise Information Management (EIM) Work for Business John Ladley, 2010-07-03 Making Enterprise Information Management (EIM) Work for Business: A Guide to Understanding Information as an Asset provides a comprehensive discussion of EIM. It endeavors to explain information asset management and place it into a pragmatic, focused, and relevant light. The book is organized into two parts. Part 1 provides the material required to sell, understand, and validate the EIM program. It explains concepts such as treating Information, Data, and Content as true assets; information management maturity; and how EIM affects organizations. It also reviews the basic process that builds and maintains an EIM program, including two case studies that provide a birds-eye view of the products of the EIM program. Part 2 deals with the methods and artifacts necessary to maintain EIM and have the business manage information. Along with overviews of Information Asset concepts and the EIM process, it discusses how to initiate an EIM program and the necessary building blocks to manage the changes to managed data and content. - Organizes information modularly, so you can delve directly into the topics that you need to understand - Based in reality with practical case studies and a focus on getting the job done, even when confronted with tight budgets, resistant stakeholders, and security and compliance issues - Includes applicatory templates, examples, and advice for executing every step of an EIM program |
| define it asset management: AASHTO Transportation Asset Management Guide American Association of State Highway and Transportation Officials, 2011 Aims to encourage transportation agencies to address strategic questions as they confront the task of managing the surface transportation system. Drawn form both national and international knowledge and experience, it provides guidance to State Department of Transportation (DOT) decision makers, as well as county and municipal transportation agencies, to assist them in realizing the most from financial resources now and into the future, preserving highway assets, and providing the service expected by customers. Divided into two parts, Part one focuses on leadership and goal and objective setintg, while Part two is more technically oriented. Appendices include work sheets and case studies. |
| define it asset management: Fundamentals Of Institutional Asset Management Frank J Fabozzi, Francesco A Fabozzi, 2020-10-12 This book provides the fundamentals of asset management. It takes a practical perspective in describing asset management. Besides the theoretical aspects of investment management, it provides in-depth insights into the actual implementation issues associated with investment strategies. The 19 chapters combine theory and practice based on the experience of the authors in the asset management industry. The book starts off with describing the key activities involved in asset management and the various forms of risk in managing a portfolio. There is then coverage of the different asset classes (common stock, bonds, and alternative assets), collective investment vehicles, financial derivatives, common stock analysis and valuation, bond analytics, equity beta strategies (including smart beta), equity alpha strategies (including quantitative/systematic strategies), bond indexing and active bond portfolio strategies, and multi-asset strategies. The methods of using financial derivatives (equity derivatives, interest rate derivatives, and credit derivatives) in managing the risks of a portfolio are clearly explained and illustrated. |
| define it asset management: Value Based and Intelligent Asset Management Adolfo Crespo Márquez, Marco Macchi, Ajith Kumar Parlikad, 2019-06-29 The fundamental motivation of this book is to contribute to the future advancement of Asset Management in the context of industrial plants and infrastructures. The book aims to foster a future perspective that takes advantage of value-based and intelligent asset management in order to make a step forward with respect to the evolution observed nowadays. Indeed, the current understanding of asset management is primarily supported by well-known standards. Nonetheless, asset management is still a young discipline and the knowledge developed by industry and academia is not set in stone yet. Furthermore, current trends in new organizational concepts and technologies lead to an evolutionary path in the field. Therefore, this book aims to discuss this evolutionary path, starting first of all from the consolidated theory, then moving forward to discuss: • The strategic understanding of value-based asset management in a company; • An operational definition of value, as a concept on the background of value-based asset management; • The identification of intelligent asset management, with the aim to frame a set of “tools” recommended to support the asset-related decision-making process over the asset lifecycle; • The emergence of new technologies such as cyber physical systems and digital twins, and the implications of this on asset management. |
| define it asset management: IT Asset Management Foundation (ITAMF) – Workbook - Second edition Jan Øberg, 2020-11-15 IT Asset Management Foundation (ITAMF) is a certification that validates a professional’s knowledge on managing the IT assets as part of an organization’s strategy, compliance and risk management. The content covered by the certification is based upon the philosophy of ITAMOrg, a membership organization and thought leader in IT Asset Management. The certificate IT Asset Management Foundation is part of the ITAMOrg qualification program and has been developed in cooperation with international experts in the field. This workbook will help you prepare for the IT Asset Management Foundation (ITAMF) exam and provides you with an overview of the four key areas of IT Asset Management: • Hardware Asset Management, including ‘mobile devices’; • Software Asset Management; • Services & Cloud Asset Management; • People & Information Asset Management, including ‘Bring Your Own Device’ (BYOD). |
| define it asset management: The American Political Economy Jacob S. Hacker, Alexander Hertel-Fernandez, Paul Pierson, Kathleen Thelen, 2021-11-11 Drawing together leading scholars, the book provides a revealing new map of the US political economy in cross-national perspective. |
| define it asset management: Asset Management Standards O. Loistl, Robert Petrag, 2006-07-07 Asset management Standards discussion's main focus on governance issues matches the established structural components of the Asset Management Standard's systematic classification. Numerous innovations called for a nearly complete revision. This new edition offers again a reliable source of information on the major issues in asset management. |
| define it asset management: Digital Transformation of the Design, Construction and Management Processes of the Built Environment Bruno Daniotti, Marco Gianinetto, Stefano Della Torre, 2019-12-30 This open access book focuses on the development of methods, interoperable and integrated ICT tools, and survey techniques for optimal management of the building process. The construction sector is facing an increasing demand for major innovations in terms of digital dematerialization and technologies such as the Internet of Things, big data, advanced manufacturing, robotics, 3D printing, blockchain technologies and artificial intelligence. The demand for simplification and transparency in information management and for the rationalization and optimization of very fragmented and splintered processes is a key driver for digitization. The book describes the contribution of the ABC Department of the Polytechnic University of Milan (Politecnico di Milano) to R&D activities regarding methods and ICT tools for the interoperable management of the different phases of the building process, including design, construction, and management. Informative case studies complement the theoretical discussion. The book will be of interest to all stakeholders in the building process – owners, designers, constructors, and faculty managers – as well as the research sector. |
| define it asset management: Public Sector Property Asset Management Malawi Ngwira, David Manase, 2016-05-03 In many public sector organisations, there has been little or no adoption of a proactive asset management strategy. Where an extensive property portfolio exists, this can result in poor overall utilisation of the portfolio, exemplified by excessive vacant property or properties not being put to best use. In such situations there is a risk that the building stock deteriorates more rapidly than expected, leading to expensive maintenance and repair charges. Lack of a proactive asset management strategy will impact on the services delivered by such organisations. Public Sector Property Asset Management covers all aspects of asset management in the public sector, including the overall concept, the development of asset management strategies and the implementation of asset management practices. It evaluates asset management strategies, processes and practices to show how effective management of property assets support business activities or service delivery functions. The reader will understand the importance of improving decision-making through the recognition of all costs of owning and operating those assets throughout their lifecycle, leading to improved business process activities or service delivery functions which greatly assist in meeting the social and economic objectives of such organisations. Written for all practitioners currently involved in asset management, the book will also be useful in the university environment, to those teaching, researching or learning about asset management in the public sector. |
| define it asset management: Life Cycle Cost Model to Support Asset Management Decision Making Ir. Winda Nur Cahyo, Ph.D, IPM, 2019-08-01 There are confusions related to the area of asset management. At this moment, searching over the internet with the keyword “asset management”, most of the links show the issue about financial asset management such as asset investments, securities, stocks, and obligations. In a simple term, the word “asset management” refers to managing financial asset. However, the term asset does not only include financial asset. In ISO 55000 (2014), the term asset is defined as an item, thing or entity that has potential or actual value to an organization. The value of asset can be categories as financial or non-financial value, tangible or intangible value, and may vary between different organizations and their stakeholders. With this definition, the term asset is very broad and may consist any type of asset such as human resources, stock, building, inventory, trust, capital, goodwill, and land. In this book, the term asset mainly refers to engineering (physical) asset, physical asset as the result of an engineering process (e.g. buildings, machineries, bridges, roads, vehicles, oil rigs, plants, metro tunnels, piping system, rail lines). |
| define it asset management: Analytical Tools for Asset Management Cambridge Systematics, National Cooperative Highway Research Program, 2005 TRB's National Cooperative Highway Research Program (NCHRP) Report 544: Environmentally Sensitive Channel- and Bank-Protection Measures examines environmentally sensitive channel- and bank-protection measures and includes recommended design guidelines for their application and a selection system for helping to determine the most appropriate channel- and bank-protection measure. The selection system is presented as an interactive software program entitled Greenbank, which can be found on the accompanying CD-ROM (CRP-CD-58). The selection system software (CRP-CD-58) is available for download in an ZIP format. |
| define it asset management: Physical Asset Management Nicholas Anthony John Hastings, 2015-02-21 Significantly extended from the first edition and published in response to the new international standard ISO55000, this book on physical asset management (2nd Ed.) presents a systematic approach to the management of physical assets from concept to disposal. It introduces the general principles of physical asset management and covers all stages of the asset management process, including initial business appraisal, identification of fixed asset needs, capability gap analysis, financial evaluation, logistic support analysis, life cycle costing, management of in-service assets, maintenance strategy, outsourcing, cost-benefit analysis, disposal and renewal. Physical asset management is the management of fixed assets such as equipment, plant, buildings and infrastructure. Features include: *Suitable for university courses and builds on first edition to provide further analytical material *Aligned with the international asset management standard ISO55000 *Provides a basis for the establishment of physical asset management as a professional discipline *Presents case studies, analytical techniques and numerical examples with solutions Written for practitioners and students in asset management, this textbook provides an essential foundation to the topic. It is suitable for an advanced undergraduate or postgraduate course in asset management, and also offers an ideal reference text for engineers and managers specializing in asset management, reliability, maintenance, logistics or systems engineering. |
| define it asset management: Strategic Asset Management Clive Deadman, 2010 Utility providers are under pressure from all sides to reduce costs, while improving availability, reliability, safety and sustainability: and as economies battle to recover from the 2008-2010 recession, utility company spending and results will be under closer scrutiny than ever to deliver more performance for less. This book explores the new techniques which are being used by leading utilities While relevant to everyone regulating, supplying or working in the utility sector, this book is important for us all. As the assets employed by utilities account for 5% of global GDP the cost of replacing our aging utility infrastrucutrue is unaffordable. However, utility services are essential to civilisation. Without clean water, safe sewerage and reliable power, economies collapse and societies are prey to darkness and disease. This book answers the key question of how utilities can select the right goals, organisational design, culture and engineering tools, whch allow them to manage their complex asset bases and deliver truly excellent performance. With 37 case studies and 50 diagrams, it illustrates the snakes and ladders that leading utilities have experienced on the path to excellence. |
| define it asset management: Strategic Asset Management of Water Supply and Wastewater Infrastructures Helena Alegre, Maria do Ceu Almeida, 2009-09-14 Water and Wastewater companies operating all around the world have faced rising asset management and replacement costs, often to levels that are financially unsustainable. Management of investment needs, while meeting regulatory and other goals, has required: A better understanding of what customers demand from the services they pay for, and the extent to which they are willing to pay for improvements or be compensated for a reduction in performance Development of models to predict asset failure and to identify and concentrate investment on critical assets Improved management systems Improved accounting for costs and benefits and their incorporation within an appropriate cost-benefit framework Incorporation of risk management techniques Utilisation of advanced maintenance techniques including new rehabilitation failure detection technologies Enhancements in pipeline materials, technologies and laying techniques. These papers developed from LESAM 2007 for inclusion in Strategic Asset Management of Water Supply and Wastewater Infrastructures are focused on the techniques, technologies and management approaches aiming at optimising the investment in infrastructure while achieving demanded customer service standards, and they provide an opportunity to gain access to the latest discussion and developments at the leading-edge in this field. This book will be essential reading for utility operators and managers, regulators and consultants. |
| define it asset management: The Fourth Industrial Revolution Klaus Schwab, 2017-01-03 World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress. |
| define it asset management: The Principles of Scientific Management Frederick Winslow Taylor, 1913 |
| define it asset management: Transit State of Good Repair: Beginning the Dialogue , |
| define it asset management: Safe and Secure Software Reuse John Favaro, Maurizio Morisio, 2013-06-12 This book constitutes the refereed proceedings of the 13th International Conference on Safe and Secure Software Reuse, ICSR 2013, held in Pisa, Italy, in June 2013. The 27 papers (18 full and 9 short papers) presented were carefully reviewed and selected from various submissions. The papers are organized in topical sections on feature modeling and variability analysis; reuse and testing; architecture and reuse; analysis for reuse; reuse and patterns, short papers, emerging ideas and trends. |
| define it asset management: Global Asset Management M. Pinedo, I. Walter, 2013-08-29 This book focuses on all major aspects of the asset management industry including its regulations, strategies, processes, applied technologies and risks. It provides a serious resource for readers seeking greater depth and alternative opinions on specific industry developments, and breadth for specialists interested in the dynamics of the industry. |
| define it asset management: Living Asset Management J.R. Lafraia, John Hardwick, Madeleine Berenyi, Deryk Anderson, 2013 |
| define it asset management: Infranomics Adrian V. Gheorghe, Marcelo Masera, Polinpapilinho F. Katina, 2013-12-03 This book provides a rough entry into the interdisciplinary field of Infranomics. It enables better decision making in an increasing ambiguous, complex, emergent, interdependent, and uncertain world where we attempt to anticipate modern society trends and patterns in order to react appropriately. However, as with any emerging discipline, much research is needed at the applications and conceptual level. The applications level may require development and testing of methods, tools, and techniques to enable analysis and decision-making in ambiguous, complex, emergent, interdependent, and uncertain conditions while the conceptual level may require taping into driving philosophies, theories, and methodologies that form the basis for Infranomics. Striking the right balance between applications and conceptual foundation (theory) requires rigorous research. This book provides a springboard for robust discussions on applications, theory, and transformation of current thinking to better deal with modern society’s problematic issues using Infranomics. |
| define it asset management: Reliability Analysis and Asset Management of Engineering Systems Escola Politécnica da USP, Gilberto Francisco Martha de Souza, Arthur Henrique De Andrade Melani, Miguel Angelo De Carvalho Michalski, Renan Favarao Da Silva, 2021-09-24 Reliability Analysis and Asset Management of Engineering Systems explains methods that can be used to evaluate reliability and availability of complex systems, including simulation-based methods. The increasing digitization of mechanical processes driven by Industry 4.0 increases the interaction between machines and monitoring and control systems, leading to increases in system complexity. For those systems the reliability and availability analyses are increasingly challenging, as the interaction between machines has become more complex, and the analysis of the flexibility of the production systems to respond to machinery failure may require advanced simulation techniques. This book fills a gap on how to deal with such complex systems by linking the concepts of systems reliability and asset management, and then making these solutions more accessible to industry by explaining the availability analysis of complex systems based on simulation methods that emphasise Petri nets. - Explains how to use a monitoring database to perform important tasks including an update of complex systems reliability - Shows how to diagnose probable machinery-based causes of system performance degradation by using a monitoring database and reliability estimates in an integrated way - Describes practical techniques for the application of AI and machine learning methods to fault detection and diagnosis problems |
| define it asset management: ITIL Service Strategy Great Britain. Cabinet Office, Great Britain. Stationery Office, 2011 This volume provides updated guidance on how to design, develop and implement service management both as an organisational capability and a strategic asset. It is a guide to a strategic review of ITIL-based service management capabilities, with the aim of improving their alignment with overall business needs. It is written primarily for senior managers who provide leadership and direction in the form of objectives, plans and policies. It is also benefits mangers at other levels, by explaining the logic of senior management decisions. |
| define it asset management: Gas and Oil Reliability Engineering Eduardo Calixto, 2016-05-07 Gas and Oil Reliability Engineering: Modeling and Analysis, Second Edition, provides the latest tactics and processes that can be used in oil and gas markets to improve reliability knowledge and reduce costs to stay competitive, especially while oil prices are low. Updated with relevant analysis and case studies covering equipment for both onshore and offshore operations, this reference provides the engineer and manager with more information on lifetime data analysis (LDA), safety integrity levels (SILs), and asset management. New chapters on safety, more coverage on the latest software, and techniques such as ReBi (Reliability-Based Inspection), ReGBI (Reliability Growth-Based Inspection), RCM (Reliability Centered Maintenance), and LDA (Lifetime Data Analysis), and asset integrity management, make the book a critical resource that will arm engineers and managers with the basic reliability principles and standard concepts that are necessary to explain their use for reliability assurance for the oil and gas industry. - Provides the latest tactics and processes that can be used in oil and gas markets to improve reliability knowledge and reduce costs - Presents practical knowledge with over 20 new internationally-based case studies covering BOPs, offshore platforms, pipelines, valves, and subsea equipment from various locations, such as Australia, the Middle East, and Asia - Contains expanded explanations of reliability skills with a new chapter on asset integrity management, relevant software, and techniques training, such as THERP, ASEP, RBI, FMEA, and RAMS |
| define it asset management: Leading Digital George Westerman, Didier Bonnet, Andrew McAfee, 2014-09-23 Become a Digital Master—No Matter What Business You’re In If you think the phrase “going digital” is only relevant for industries like tech, media, and entertainment—think again. In fact, mobile, analytics, social media, sensors, and cloud computing have already fundamentally changed the entire business landscape as we know it—including your industry. The problem is that most accounts of digital in business focus on Silicon Valley stars and tech start-ups. But what about the other 90-plus percent of the economy? In Leading Digital, authors George Westerman, Didier Bonnet, and Andrew McAfee highlight how large companies in traditional industries—from finance to manufacturing to pharmaceuticals—are using digital to gain strategic advantage. They illuminate the principles and practices that lead to successful digital transformation. Based on a study of more than four hundred global firms, including Asian Paints, Burberry, Caesars Entertainment, Codelco, Lloyds Banking Group, Nike, and Pernod Ricard, the book shows what it takes to become a Digital Master. It explains successful transformation in a clear, two-part framework: where to invest in digital capabilities, and how to lead the transformation. Within these parts, you’ll learn: • How to engage better with your customers • How to digitally enhance operations • How to create a digital vision • How to govern your digital activities The book also includes an extensive step-by-step transformation playbook for leaders to follow. Leading Digital is the must-have guide to help your organization survive and thrive in the new, digitally powered, global economy. |
| define it asset management: Information Exchanges Richard Fairhead, 2019-06-27 The RIBA Plan of Work 2013 Guide: Design Management is part of a brand new series providing must-read practical guidance to running efficient and successful projects using the new RIBA Plan of Work 2013. Each guide takes a core project task – in this case managing information exchanges - and explains the essential activities and considerations required at each stage of the new Plan of Work. Easy to use and navigate and in a small and handy format these guides will provide the ultimate quick reference support at your desk or on site. The author provides concise and pragmatic advice rooted in real world experience – a ‘how to’ that will resonate with practitioners. In-text features such as ‘hints and tips’, ‘checklists’, ‘forms and templates’ and ‘signposts’ to trusted resources will provide user-friendly support. Boxed examples will highlight best practice and illuminate common problems and solutions borne of hard won experience. |
| define it asset management: Broadcast Engineer's Reference Book EPJ Tozer, 2012-11-12 The current and definitive reference broadcast engineers need! Compiled by leading international experts, this authoritative reference work covers every aspect of broadcast technology from camera to transmitter - encompassing subjects from analogue techniques to the latest digital compression and interactive technologies in a single source. Written with a minimum of maths, the book provides detailed coverage and quick access to key technologies, standards and practices. This global work will become your number one resource whether you are from an audio, video, communications or computing background. Composed for the industry professional, practicing engineer, technician or sales person looking for a guide that covers the broad landscape of television technology in one handy source, the Broadcast Engineer's Reference Book offers comprehensive and accurate technical information. Get this wealth of information at your fingertips! · Utilize extensive illustrations-more than 1200 tables, charts and photographs. · Find easy access to essential technical and standards data. · Discover information on every aspect of television technology. · Learn the concepts and terms every broadcaster needs to know. Learn from the experts on the following technologies: Quantities and Units; Error Correction; Network Technologies; Telco Technologies; Displays; Colourimetry; Audio Systems; Television Standards; Colour encoding; Time code; VBI data carriage; Broadcast Interconnect formats; File storage formats; HDTV; MPEG 2; DVB; Data Broadcast; ATSC Interactive TV; encryption systems; Optical systems; Studio Cameras and camcorders; VTRs and Tape Storage; Standards Convertors; TV Studios and Studio Equipment; Studio Lighting and Control; post production systems; Telecines; HDTV production systems; Media Asset Management systems; Electronic News Production Systems; OB vehicles and Mobile Control Rooms;ENG and EFP; Power and Battery Systems; R.F. propagation; Service Area Planning; Masts Towers and Antennas; Test and measurement; Systems management; and many more! Related Focal Press titles: Watkinson: Convergence In Broadcast and Communications Media (2001, £59.99 (GBP)/ $75.95 (USD), ISBN: 0240515099) Watkinson: MPEG Handbook (2001, £35 (GBP)/$54.99 (USD) ISBN: 0240516567) |
| define it asset management: Technology for Facility Managers IFMA, 2012-10-03 From BIM (building information modeling) to RFID (radio frequency identification) to BAS (building automation and control systems), facility managers of today's commercial buildings are often asked to work with a variety of technologies without any experience in IT. This new book is a welcome primer for facility managers and engineers. Each chapter covers a different technology and includes specific and helpful case studies. Authored by the International Facility Management Association (IFMA), this unique resource is also a practical textbook for candidates studying for IFMA certification. |
| define it asset management: Standards for Management Systems Herfried Kohl, 2020-02-19 This book guides readers through the broad field of generic and industry-specific management system standards, as well as through the arsenal of tools that are needed to effectively implement them. It covers a wide spectrum, from the classic standard ISO 9001 for quality management to standards for environmental safety, information security, energy efficiency, business continuity, laboratory management, etc. A dedicated chapter addresses international management standards for compliance, anti-bribery and social responsibility management. In turn, a major portion of the book focuses on relevant tools that students and practitioners need to be familiar with: 8D reports, acceptance sampling, failure tree analysis, FMEA, control charts, correlation analysis, designing experiments, estimating parameters and confidence intervals, event tree analysis, HAZOP, Ishikawa diagrams, Monte Carlo simulation, regression analysis, reliability theory, data sampling and surveys, testing hypotheses, and much more. An overview of the necessary mathematical concepts is also provided to help readers understand the technicalities of the tools discussed. A down-to-earth yet thorough approach is employed throughout the book to help practitioners and management students alike easily grasp the various topics. |
| define it asset management: CERT Resilience Management Model (CERT-RMM) Richard A. Caralli, Julia H. Allen, David W. White, 2010-11-24 CERT® Resilience Management Model (CERT-RMM) is an innovative and transformative way to manage operational resilience in complex, risk-evolving environments. CERT-RMM distills years of research into best practices for managing the security and survivability of people, information, technology, and facilities. It integrates these best practices into a unified, capability-focused maturity model that encompasses security, business continuity, and IT operations. By using CERT-RMM, organizations can escape silo-driven approaches to managing operational risk and align to achieve strategic resilience management goals. This book both introduces CERT-RMM and presents the model in its entirety. It begins with essential background for all professionals, whether they have previously used process improvement models or not. Next, it explains CERT-RMM’s Generic Goals and Practices and discusses various approaches for using the model. Short essays by a number of contributors illustrate how CERT-RMM can be applied for different purposes or can be used to improve an existing program. Finally, the book provides a complete baseline understanding of all 26 process areas included in CERT-RMM. Part One summarizes the value of a process improvement approach to managing resilience, explains CERT-RMM’s conventions and core principles, describes the model architecturally, and shows how itsupports relationships tightly linked to your objectives. Part Two focuses on using CERT-RMM to establish a foundation for sustaining operational resilience management processes in complex environments where risks rapidly emerge and change. Part Three details all 26 CERT-RMM process areas, from asset definition through vulnerability resolution. For each, complete descriptions of goals and practices are presented, with realistic examples. Part Four contains appendices, including Targeted Improvement Roadmaps, a glossary, and other reference materials. This book will be valuable to anyone seeking to improve the mission assurance of high-value services, including leaders of large enterprise or organizational units, security or business continuity specialists, managers of large IT operations, and those using methodologies such as ISO 27000, COBIT, ITIL, or CMMI. |
| define it asset management: Mastering ISO 55001 Cybellium Ltd, 2023-09-05 In the world of asset management, the ISO 55001 standard shines as a beacon of effectiveness and efficiency. Mastering ISO 55001: Unlocking Excellence in Asset Management is your comprehensive guide to understanding, implementing, and harnessing the potential of ISO 55001. Tailored for professionals, executives, and organizations seeking to elevate their asset management practices, this book provides an in-depth exploration of ISO 55001's principles, strategies, and possibilities. About the Book: Penned by industry experts, Mastering ISO 55001 stands as an authoritative and practical resource for individuals striving to grasp the intricacies of the ISO 55001 standard. This book is a vital companion for asset managers, operations leaders, maintenance professionals, and anyone entrusted with optimizing asset performance and reliability. Key Features: · Demystifying ISO 55001: Delve into the core tenets of the ISO 55001 standard, unraveling its structure, objectives, and significance. Gain a comprehensive understanding of how the standard serves as a robust framework for exceptional asset management. · Implementing Asset Management Excellence: Learn practical steps for implementing ISO 55001 within your organization. Discover strategies for defining asset management policies, aligning objectives, managing risks, and fostering continuous improvement. · Navigating Strategic Alignment: Explore ISO 55001's alignment with strategic organizational goals. Understand how effective asset management contributes to overall business success and enhances return on investment. · Real-World Case Studies: Gain insights from real-life case studies that showcase the successful application of ISO 55001. Analyze the benefits, challenges, and outcomes experienced by organizations spanning diverse industries. · Optimizing Asset Performance: Discover how ISO 55001 helps organizations optimize asset performance, reliability, and lifespan. Learn how to align maintenance practices, monitor performance, and drive improvements. · Adapting to Change: Explore how ISO 55001 aids organizations in adapting to change, whether technological advancements, regulatory shifts, or evolving market conditions. Learn strategies for maintaining resilient asset management systems. · Ethical Considerations: Engage in discussions about the ethical dimensions of asset management. Explore the intersection of ethics, sustainability, and ISO 55001's principles. · Resources and Tools: Access a curated selection of resources, including templates, checklists, and references to enhance your ISO 55001 journey. |
DEFINE Definition & Meaning - Merriam-Webster
The meaning of DEFINE is to determine or identify the essential qualities or meaning of. How to use define in a sentence.
DEFINE Definition & Meaning | Dictionary.com
Define definition: to state or set forth the meaning of (a word, phrase, etc.).. See examples of DEFINE used in a sentence.
DEFINE | English meaning - Cambridge Dictionary
DEFINE definition: 1. to say what the meaning of something, especially a word, is: 2. to explain and describe the…. Learn more.
DEFINE definition and meaning | Collins English Dictionary
If you define something, you show, describe, or state clearly what it is and what its limits are, or what it is like. We were unable to define what exactly was wrong with him. [ VERB wh ]
Define - definition of define by The Free Dictionary
define - show the form or outline of; "The tree was clearly defined by the light"; "The camera could define the smallest object"
DEFINE - Definition & Meaning - Reverso English Dictionary
Define definition: state the meaning of a word or phrase. Check meanings, examples, usage tips, pronunciation, domains, related words.
define - Wiktionary, the free dictionary
May 13, 2025 · define (third-person singular simple present defines, present participle defining, simple past and past participle defined) To determine with precision; to mark out with …
Define: Definition, Meaning, and Examples - usdictionary.com
Dec 24, 2024 · The word "define" means to explain or clarify the meaning of something or to establish boundaries and parameters. It is a versatile word used in many contexts, from …
Define Definition & Meaning - YourDictionary
Define Sentence Examples The child's eagerness and interest carry her over many obstacles that would be our undoing if we stopped to define and explain everything. It will not be welfare (or, …
DEFINITION Definition & Meaning - Merriam-Webster
The meaning of DEFINITION is a statement of the meaning of a word or word group or a sign or symbol. How to use definition in a sentence.
DEFINE Definition & Meaning - Merriam-Webster
The meaning of DEFINE is to determine or identify the essential qualities or meaning of. How to use define in a sentence.
DEFINE Definition & Meaning | Dictionary.com
Define definition: to state or set forth the meaning of (a word, phrase, etc.).. See examples of DEFINE used in a sentence.
DEFINE | English meaning - Cambridge Dictionary
DEFINE definition: 1. to say what the meaning of something, especially a word, is: 2. to explain and describe the…. Learn more.
DEFINE definition and meaning | Collins English Dictionary
If you define something, you show, describe, or state clearly what it is and what its limits are, or what it is like. We were unable to define what exactly was wrong with him. [ VERB wh ]
Define - definition of define by The Free Dictionary
define - show the form or outline of; "The tree was clearly defined by the light"; "The camera could define the smallest object"
DEFINE - Definition & Meaning - Reverso English Dictionary
Define definition: state the meaning of a word or phrase. Check meanings, examples, usage tips, pronunciation, domains, related words.
define - Wiktionary, the free dictionary
May 13, 2025 · define (third-person singular simple present defines, present participle defining, simple past and past participle defined) To determine with precision; to mark out with …
Define: Definition, Meaning, and Examples - usdictionary.com
Dec 24, 2024 · The word "define" means to explain or clarify the meaning of something or to establish boundaries and parameters. It is a versatile word used in many contexts, from …
Define Definition & Meaning - YourDictionary
Define Sentence Examples The child's eagerness and interest carry her over many obstacles that would be our undoing if we stopped to define and explain everything. It will not be welfare (or, …
DEFINITION Definition & Meaning - Merriam-Webster
The meaning of DEFINITION is a statement of the meaning of a word or word group or a sign or symbol. How to use definition in a sentence.
