How do human assets relate to managing physical assets?

PAS 55

This Publicly Available Specification for Asset Management relates people, vital human assets with their skill and knowledge, to managing physical assets.

People are human assets. Their behaviours, knowledge, and competence that make up the workforce have a direct relationship to the performance of physical assets. Do your tradespeople have up-to-date skills? Do they have the tools to do their jobs? Is up-to-date and accurate information about physical assets available? Are they incented for reliability or for breakdown?

Important considerations for people are motivation, communication, roles and responsibilities, knowledge, experience, training, certification, leadership, and teamwork. They want to know that they're doing work that's valued and that makes a contribution to the organization's bottom line.

People are vital enablers that determine how well your physical assets are managed. Check out how FORTIG has identified the roles and responsibilities required to manage physical assets throughout each step of the asset life cycle.