Is it an asset management strategy, or a maintenance management strategy re-labeled? We’ll answer this question by reviewing ISO 55000 and its ramifications, and we’ll consider the differences between an asset management strategy and a maintenance management strategy, considering the following questions:

· Does your asset management strategy consider the business requirements of the assets over the coming 5-10 years? Are you growing – Rapidly? Slowly? Are you for sale? Are you in decline? Each scenario requires a different strategy

· What role does design and capital projects play in your asset management strategy?

· What role does purchasing play?

· What role does operations play?

· What role does maintenance play?

If you don’t have good answers to the first four, you have a maintenance management strategy, not an asset management strategy.

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