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Contents

Foreword

Acknowledgments

I Just Don’t Think You’re Smart Enough—An Introduction

Starting a Book, This Book

It’s Not Rocket Science

A New Standard Is Born

Why Isn’t Anyone Listening?

ISO—My Personal Journey

Helpful Hints to Get the Most from This Book

The Good Stuff Inside

Chapter Endings

ONE What Are Assets?

What Makes an Asset an Asset?

How Do Assets Contribute to the Success of the Company?

Where Do Assets Come From?

Who Pulls the Trigger?

When Enough Is Enough

Chapter Summary

TWO The Asset Management Standards

ISO 55000

ISO 55001

ISO 55002

Chapter Summary

THREE Capital Assets

Buy New or Make Do

Maintainability and Reliability, or Having Your Cake and Eating it Too

Standardization of Parts

Don’t Quit in the Middle

Chapter Summary

FOUR BOMs—Parts of the Whole

So What’s the Big Deal?

In the Scheme of Things

BOM Not Bomb

Who Dat?

Stock/Don’t Stock

Different Strokes for Different Folks

Whose Line Is It Anyway?

The Not-So-Dirty 2-1/3 Dozen (28)

Chapter Summary

FIVE Production in an Asset Management World

Begin with the End in Mind

Circle the Wagons

Welcome to the Matrix

What’s Next?

The Doctor Will See You Now

I’m Givin’ Her All She’s Got

Chapter Summary

SIX Asset Management at Your Place and at Your Pace

Organizational Plan

Organizational Objectives

Asset Management Policy

SAMP

Asset Management Plans

The Scenario

An Asset’s Life

Chapter Summary

Summary

The Master Business Case

References

Index