Towards an approach to Select an Asset Information Management Strategy

The management of engineering assets such as facilities and equipments can be a challenging task and optimising their usage is critical. To ensure effective utilization of an asset, one has to make effective decisions regarding the asset lifecycle. Consequently, it becomes imperative to gather useful information about the asset lifecycle. The objective of this paper is then to propose an approach for decision makers to develop an effective asset information management (AIM) strategy. We focus on the management of this set of information associated with the asset throughout its lifecycle. For this purpose we propose first to identify asset information requirements for an effective management. Second, we examine different technologies and systems for information capture, storage, retrieval and use. The findings of this paper would help in selecting an AIM Strategy aimed at providing timely, accurate, complete and consistent information about location and condition of assets so as to result in better decision-making. Furthermore, in order to assist asset managers to select a strategy, we discuss the role of information quality to assess the performance of an asset information strategy.