The current concept of an asset management (AM) system focuses on the lifecycle of engineered assets and little has been done in the literature on its link to organizational strategy. In this paper, the AM system′s position within an organizational structure and its role in competitive...

The measurement of performance can be viewed at vastly different levels of complexity. Performance can be defined as the difference between what is deemed possible to achieve relative to the organisation's goals and what is actually achieved. This implies that the standard of performance must be...