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Whole Life Asset Management

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Content Description
Original date: 
Monday, November 17, 2014

In his keynote presentation, Alex will explore the various stages of asset life and the decisions which must be made in each, as well as discuss the meaning of whole life asset management. You will also be introduced to modern methods of cost/risk evaluation and optimization; and see some practical approaches to whole life cycle asset management and how this impacts maintenance and reliability. Alex will explore maintenance and reliability in the context of your organization and challenge maintenance and reliability professionals to consider alternative approaches.

BoK Content Source: 
MainTrain 2014
BoK Content Type: 
Presentation Slides
Presentation Paper
Asset Management Framework Subject: 
02 Asset Management Decision Making, 2.03 Lifecycle Value Realisation
Maintenance Management Framework Subject: 
03 Asset Strategy Management, 3.2 Performance Measurement & Optimization
Author Title: 
Author Employer: 
The Woodhouse Partnership
Author Bio: 

Alex Thomson has over 25 years’ experience in the maintenance and asset management field in a range of industries, from defence facilities through, utilities, manufacturing and food. Alex is a Chartered Engineer and a member of the IET and the IAM. He has an MSc (with distinction) in Maintenance Engineering from the University of Manchester and, whilst there, won the Farnell Prize for Maintenance Engineering. Alex has developed and implemented a number of maintenance and asset management strategies, he has developed and delivered MSc-level asset management courses. He also contributed to the 2008 IAM/BSI PAS 55 review and is a subject matter expert on shutdowns and outages for the IAM’s Knowledge Centre. He was a member of the UK mirror committee which developed ISO 55000 (the international standard for Asset Management) and was the team lead for process development and documentation on the SALVO Project. He currently represents the IAM on the UK mirror committee working on the revision of ISO 9001.