Physical asset management is the management of fixed or non-current assets such
as equipment, plant, buildings and infrastructure. This book presents a systematic
approach to the management of these assets from concept to disposal. It introduces
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the general principles of physical asset management, so as to make these accessible
to a wide audience, and covers all stages of the asset management process, including
initial business appraisal, identification of fixed asset needs, capability gap analysis,
financial evaluation, logistic support analysis, life cycle costing, management of inservice
assets, maintenance strategy, outsourcing, cost-benfit analysis, disposal and
renewal. Industries to which this is applicable include: electricity generation and
supply; oil and gas; water; roads; railways; mining; aviation; shipping; hospitals;
retail centres; manufacturing; distribution; defence facilities and defence materiel;
recreation and sporting facilities and local government.
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