Asset Management

Asset Management is any system that monitors/ maintains things of value to an entity or group, and can cover tangible assets or intangible concepts (intellectual property; goodwill). Enterprise Asset Management (EAM) is an optimized systematic process of cost-effectively designing, constructing, commissioning, operating, maintaining and decommissioning/replacement of plant, equipment and/or facilities. Reliability Centered Maintenance is the foundation of EAM.