This document describes five questions to ask yourself to get the basics for effective maintenance in place, starting with a structured asset repository.
Learn moreEnterprise Asset Management
Enterprise Asset Management (EAM) is the entire lifecycle management of the physical assets of an organisation such as buildings, installations, infrastructure and real estate assets. EAM covers the design, construction, commissioning, operations, maintenance, replacement and demolishment of all assets, equipment and facilities. "Enterprise" in EAM refers to the scope of assets: all asset types, across all locations, throughout the organisation.
Enterprise Asset Management encompasses all policies, processes, operating models, management, economics, documentation and sustainable aspects that relate to these assets.
Goal of EAM
In facilities and real estate management, EAM includes buildings, infrastructure and technical installations as well as assets such as space, workspaces, fleet, vending machines, meeting rooms, and employee centric assets and facilities. So why is Enterprise Asset Management important? The primary goal of EAM is to optimise the full life cycle of these assets by:
- Standardising, integrating and continuously optimising asset related processes.
- Achieving more flexibility in usage and a more effective utilisation of assets.
- Operating and maintaining assets at lower cost.
- Increasing continuity, reliability and security of assets.
- Complying with health and safety legislation and asset lease accounting regulations.
- Reducing the sustainable impact of assets.
- Replacing non-performing assets.
The benefits of Enterprise Asset Management are clearly recognised, but due to the broad scope of EAM and its interdisciplinary nature, professional Enterprise Asset Management is always supported by EAM software technology.
More than just maintenance
Asset management is often connected to the maintenance processes of assets. In the case of Enterprise Asset Management, the scope of assets includes the real estate portfolio assets and the associated management process. This includes understanding the location of assets within space, who is utilising the assets, and the financial impact. A solution for Enterprise Asset Management is therefore quite complex in nature, which is why EAM software is much more comprehensive than Computerised Maintenance Management Software (CMMS).
