As a business owner, I am frequently asked, “How is business?” I often used to reply “Busy” but had a colleague follow my answer up with the question “Is it productive?” Wow, that was a new one. I stopped dead in my tracks with a blank but inquisitive stare on my face, prompting my colleague […]
The P3 approach includes preventive, lifecycle maintenance for the asset and avoids the problems associated with deferred maintenance. Simply put, deferred maintenance is the practice of postponing infrastructure maintenance activities, usually due to lack of available funding. Lack of proper and timely maintenance leads to early deterioration that costs more to repair later on or […]
As an engineer, I am very analytical and linear in my thought process. This is natural and almost expected as I deal with equations following specific procedures to arrive at design solutions. After all, there is no gray in engineering – it is either black or white. I refer to this thought process as counting […]
Is “asset management” more than a buzz-word to you and your organization? Are regulations and costs leading you to question whether you need a better understanding of your assets and their future value, risks, and needs? You may find yourself wondering “How can we boost asset life-span?” or “Has the cost of this asset been […]
In our world today we have an incredible amount of freedom to move about wherever and whenever we want. We just hop in the car, spend some time on the road and voila. We go to work, visit friends and family, or just go out for ice cream. But sometimes we find ourselves asking, “Why […]