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Asset Management and Governance: Analysing Vehicle Fleets in Asset-intensive Organisations

Mardiasmo, Diaswati, Tywoniak, Stephane, Brown, Kerry A., & Burgess, John (2008) Asset Management and Governance: Analysing Vehicle Fleets in Asset-intensive Organisations. In Brown, Kerry A., Mandell, Myrna, Furneaux, Craig W., & Beach, Sandra (Eds.) Contemporary Issues in Public Management: The Twelfth Annual Conference of the International Research Society for Public Management (IRSPM XII), 26 – 28 March, Brisbane, Australia.

Abstract

For physically asset-intensive organisations asset management processes and intervention strategies are considered a crucial element, as there is heavy reliance on optimal performance of assets in order to maximise organisational performance and business goals. There is a tendency for traditional asset management practices to concentrate on the engineering or operational performance of the assets, taking for granted governance factors which views asset management through organisational-level lens. Asset governance is a radically new way to view ownership and management of assets in a competitive and deregulated market, an innovative solution to meet the regulatory and increasingly competitive challenges faced by modern utility companies. Asset fleets provide a relevant and important context to investigate the interaction between engineering and governance views on asset management as fleets have distributed and system characteristics. This paper investigates how engineering and governance perspectives of asset management can be reconciled and integrated to enable optimal asset and organizational performance. Preliminary findings of a pilot study identifies issues in asset management process and localized understanding of governance within different organization divisions as the main challenges in asset management-asset governance integration.

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ID Code: 15323
Item Type: Conference Paper
Additional Information: The contents of this conference can be freely accessed online via the conference's web page (see hypertext link).
Additional URLs:
Keywords: Engineering Asset Management, Asset, intensive Organisation, Asset Governance, Integrated Perspectives, Asset Performance
ISBN: 1741072158
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Business and Management not elsewhere classified (150399)
Australian and New Zealand Standard Research Classification > STUDIES IN HUMAN SOCIETY (160000) > POLICY AND ADMINISTRATION (160500) > Public Administration (160509)
Divisions: Current > Research Centres > Australian Centre for Business Research
Current > QUT Faculties and Divisions > QUT Business School
Current > Research Centres > CRC Integrated Engineering Asset Management (CIEAM)
Copyright Owner: Copyright 2008 (please consult author)
Deposited On: 27 Oct 2008
Last Modified: 10 Aug 2011 23:25

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