Asset management is designed to deliver value by ensuring:
Assets perform according to agreed service levels
Financial returns (ROI/RONA) are optimized
Risks are managed to an acceptable (residual) level
These components align with ISO 55000’s definition of value realization through asset-related decisions.
Exact Extract from IAM – Asset Management: An Anatomy (v4), Section 2.1 – Realizing Value:
“Asset management must deliver value through alignment with performance, financial returns, and risk tolerance criteria.”
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