Abstract:
The rising cost of doing business coupled with a fast changing competitive business
environment is forcing organizations to consider adapting asset management strategies, not
just as a cost saving measure, but also to remain competitive. Implementing an efficient and
effective maintenance program is one way of achieving this desired competitiveness.
However implementing such maintenance program is often not straightforward due to the lack
of a structured decision support approach. Capability maturity models present such structured
approach. This paper proposes a generic asset maintenance maturity model (AMMM) as a
structured guide for implementing new maintenance programs, evaluating existing programs
and finally directing continuous improvement activities likely to lead to high levels of asset
maintenance efficiency and effectiveness. Central to the proposed model is the use of risk
assessment methodologies at different phases during the evolution process of asset
maintenance maturity in the organization.