eCite Digital Repository

What Is Engineering Asset Management?


Amadi-Echendu, J and Willett, R and Brown, K and Hope, T and Lee, J and Mathew, J and Vyas, N and Yang, B-S, What Is Engineering Asset Management?, Definitions, Concepts and Scope of Engineering Asset Management, Springer, JE Amadi-Echendu, K Brown, R Willett, J Mathew (ed), London, pp. 3-16. ISBN 978-1849961776 (2010) [Research Book Chapter]

Not available

Copyright Statement

Copyright 2010 Springer-Verlag London Limited

DOI: doi:10.1007/978-1-84996-178-3_1


Definitions of asset management tend to be broad in scope, covering a wide variety of areas including general management, operations and production arenas and, financial and human capital aspects. While the broader conceptualisation allows a multifaceted investigation of physical assets, the arenas constitute a multiplicity of spheres of activity. We define engineering asset management in this paper as the total management of physical, as opposed to financial, assets. However, engineering assets have a financial dimension that reflects their economic value and the management of this value is an important part of overall engineering asset management. We also define more specifically what we mean by an "engineering asset" and what the management of such an asset entails. Our approach takes as its starting point the conceptualisation of asset management that posits it as an interdisciplinary field of endeavour and we include notions from commerce and business as well as engineering. The framework is also broad, emphasising the life-cycle of the asset. The paper provides a basis for analysing the general problem of physical asset management, relating engineering capability to economic cost and value in a highly integrated way.

Item Details

Item Type:Research Book Chapter
Research Division:Commerce, Management, Tourism and Services
Research Group:Business systems in context
Research Field:Business systems in context not elsewhere classified
Objective Division:Economic Framework
Objective Group:Management and productivity
Objective Field:Management and productivity not elsewhere classified
UTAS Author:Willett, R (Professor Roger Willett)
ID Code:71257
Year Published:2010
Deposited By:Research Division
Deposited On:2011-07-12
Last Modified:2014-11-04
Downloads:7 View Download Statistics

Repository Staff Only: item control page