Brief approach to physical asset management

In virtue of the importance that key assets have for the ability of organisations to generate and maintain their value, physical asset management is one of the most relevant topics for companies. It is therefore necessary to define the process leading to the materialisation of a capable asset management throughout its entire life cycle, via the selection of appropriate methodologies for the management of those considered to be the most relevant for the function of the company, as well as those with the greatest capacity to generate value.

In fact, physical asset management is a topic that has been gaining more and more relevance in the maintenance world, especially in the last two decades, changing the landscape that was being experienced until then. This is particularly due to the increasing development of normative documents that have supported, and consequently, guided the creation and implementation of asset management systems by organisations.

Initiated by PAS 55, published in 2004, followed by the development of the family of ISO 55000 standards, these norms have been guiding companies towards what are, effectively, the best practices at the level of asset management, bridging the gap between physical assets and other assets existing in companies. Currently, more and more organisations have a well-supported asset management system in place and, in a gradually increasing number, certified by the ISO 55000 standards.

Given the importance of this theme, this article will present the main points required for the definition and implementation of a physical asset management system in organisations

David Barros
e-mail: [email protected]
Navaltik Management, Lda.


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