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The Organization-Wide Physical Asset Management Approach

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Content Description
Original date: 
Monday, May 4, 2020

The Organization-Wide Physical Asset Management (OWPAM) Approach is an interactive session to explore the asset management landscape and to help asset management practitioners and organizations on their path to implementing an organization-wide physical asset management system. Ask anyone in your organization individually and you’ll hear that each is doing a great job. However, when you bring all those individuals together and ask the same question again, you’ll most likely get a different answer. Traditionally, physical asset management systems have always been silo-based in organizations. The effects of those silos have significant implications creating gaps and overlaps in business processes and impeding the decision-making process. Managing physical assets by nature is a co-operative and cross-functional discipline to realize maximum value. What really creates value in physical asset management systems is the holistic approach, which is that every organization exists to provide value as a whole, through better co-ordination, collaboration, and alignment across functional areas. This OWPAM Approach session looks at the key physical asset lifecycle strategic and tactical activities involved in an organization-wide physical asset management system and prioritizes them to develop an implementation plan. Participants will interact with one another to understand the whole spectrum of strategic and tactical activities required for a holistic and organization-wide physical asset management approach; discuss physical asset management activities, how they apply to their organizational context, and how important they are from a whole lifecycle delivery perspective; identify ownership issues, gaps, and overlaps that could exist and that are critical for the successful implementation of physical asset management; and generate discussions around the implementation plan and priorities to meet organizational objectives and enable realization of maximum value.

BoK Content Source: 
MainTrain 2020
BoK Content Type: 
Presentation Slides
Asset Management Framework Subject: 
01 Strategy & Planning, 1.02 Asset Mgmt Strategy & Objectives, 1.04 Strategic Planning, 02 Asset Management Decision Making, 2.00 Asset Management Decision Making General, 03 Lifecycle Delivery, 3.05 Maintenance Delivery, 3.07 Asset Operations, 05 Organization & People, 5.02 Asset Management Leadership, 5.04 Organizational Culture, 5.05 Competence Management
Author Title: 
Town of Halton Hills
Author Employer: 
Senior Manager
Author Bio: 

Dharmen Dhaliah is the author of Physical Asset Management — An Organizational Challenge and Organization-Wide Physical Asset Management — A Systems Approach and developer of the HPAM Planning Tool. He has more than 28 years of working experience in the private and public sectors, where he has held various positions in physical asset management, maintenance management, reliability engineering, and project management in a wide range of industries. Dharmen currently works for the Town of Halton Hills as Senior Manager, Climate Change and Asset Management. He is a registered professional mechanical engineer, a Certified Asset Management Assessor, a Certified ISO 55001 Provisional Auditor, a Project Management Professional, a Maintenance Management Professional, and a Certified Maintenance and Reliability Professional.
Dharmen is a member of the Technical Committee 251 for the ISO 55000 standards, and a member of CNAM (Canadian Network of Asset Managers), and he has served for several years on the Board of Directors of PEMAC. He is also an online instructor of the Maintenance Management Program, the “Planification et gestion de la maintenance” program, and the Asset Management Professional Certificate program.