SIGNAL+DRAHT | Issue 09/2019

Systematic asset management principles for railways and other infrastructure-oriented businesses

September 2019 | Jouni Pylvänäinen, Jari Pylvänäinen

Asset management is something which has always been helpful. However, this approach can sometimes fail, if it is lacking the proper systematic principles required to manage these valuable physical assets. Asset management quality systems, such as ISO 55001, are being increasingly applied in different industry sectors in order to establish asset management guidelines. Even so, it is often difficult to commence this work and this requires a more concrete approach. Essentially, implementation can be achieved by defining in-house guidelines for asset development and by finding optimal measures in order to manage the existing infrastructure....