Where do organisations typically see the biggest business benefit or return on investment?

There's a real challenge with asset management for any asset managers, and it's largely around...

the question of conflicting organizational objectives spend less achieve more can we reduce downtime can we lower maintenance costs can we lower operational costs but at the same time can we improve the bottom line longer life for the assets better performance things like that and so there is that real balance that you've got to achieve with um I said fifty five thousand with asset management and it's not just fifty five thousand is with asset management.

And when I'm delivering training, the slide that deals with the balancing, the the conflicting organizational objectives is one where I have an awful lot of nods.

And from both sides of the equation, whether it's the engineers and the operational people or the finance managers and the senior managers, they all recognize that conflicting interest.

But what it does is it allows you to focus in on what you're trying to do, focus in on What is the most effective use of the assets? What is the best way you can approach the plan that you're trying to achieve? I know of one organization that I've worked with where they were using ISO 50001 as part of the service.

They were managing pumps and managing the supply of hydro-electrical pumps around the globe.

So how well does 55,001 integrate with these other standards? Yeah.