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Assessing the Effectiveness of ISO 55000 Standard in Small to Medium Sized Enterprises

Ihemegbulem, Ibifuro and Baglee, David (2016) Assessing the Effectiveness of ISO 55000 Standard in Small to Medium Sized Enterprises. In: 1st Africa Maintenance & Reliability Conference (AMRC 16), 28-29 Nov 2016, Lagos, Nigeria. (Unpublished)

Item Type: Conference or Workshop Item (Paper)

Abstract

The increased economic and market
globalization means the criticality of
standards and its role in exploiting
network externalities has had an influence
on increasing productivity, and efficiency,
decreasing non value added information
and promoting process management. The
ISO 55000 series is a comprehensive and
detailed standard, which helps to create an
improved methodology to implement an
asset management system within an
organisation. Asset management is an
important part of any organisation, as it
allows them to extract value from their
assets. ISO 55000 series consists of three
segments namely ISO 55000, ISO 55001
and ISO 55002, which aims to provide a
standardised framework for an asset
management system. AM is a combination
of management, financial, economic, and
engineering activities and the effectiveness
of a universal view has been
acknowledged but is not wholly developed
especially within small to medium sized
enterprises (SMEs). The document, could
be seen as limited as it states what should
be done, not how to do it.

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More Information

Depositing User: Barry Hall

Identifiers

Item ID: 6855
URI: http://sure.sunderland.ac.uk/id/eprint/6855
Official URL: http://www.cvent.com/events/the-1st-africa-mainten...

Users with ORCIDS

ORCID for David Baglee: ORCID iD orcid.org/0000-0002-7335-5609

Catalogue record

Date Deposited: 20 Dec 2016 13:55
Last Modified: 02 Jul 2019 09:11

Contributors

Author: David Baglee ORCID iD
Author: Ibifuro Ihemegbulem

University Divisions

Faculty of Technology > School of Computer Science

Subjects

Business and Management
Engineering

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