Strong capability in asset management, maintenance, and reliability is crucial for creating value, managing risk, and ensuring long-term sustainability. Asset management integrates these and other disciplines, providing a structured approach to problem-solving and improving asset performance and workforce efficiency. Organisations that combine expertise in all three areas gain a strategic advantage in decision-making, risk management, and sustainable investment planning aligned with their operational goals.
This paper provides an in-depth analysis of the crucial role that Maintenance and Reliability Professionals play in creating value through Asset Management. Historically, the significance of the value these professionals add has often been overlooked, with their roles perceived as valuable only during the operational phase of the asset lifecycle. However, this paper emphasizes the importance of Maintenance and Reliability Professionals across all phases of the asset lifecycle.