A comparative study on asset management capability maturity models

Mahmood, Muhammad Nateque and Dhakal, Subas and Wiewiora, Anna and Brown, Kerry and Keast, Robyn (2015) A comparative study on asset management capability maturity models. International Journal of Strategic Engineering Asset Management, 2 (4). pp. 328-347. ISSN 1759-9733

Abstract

Asset service organisations often recognise asset management as a core competence to deliver benefits to their business; however, it is less clear about how organisations know whether their asset management processes are adequate. This paper contends that asset management maturity models, which combine best practices with identified competencies, may provide a useful approach to test the capacity of organisations to manage assets. Existing capability maturity models are subject to wide variations in their implementation and sophistication. Drawing on five dimensions of effective asset management – spatial, temporal, organisational, statistical and evaluation – as identified by Amadi-Echendu et al. (2010), this paper undertakes a comprehensive comparative analysis of six existing maturity models to identify the gaps in key process areas. Results suggest incorporating these dimensions into an integrated approach to assess the maturity of asset intensive organisations would provide a comprehensive approach towards assessing capabilities of asset service organisations.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Files associated with this item cannot be displayed due to copyright restrictions.
Faculty / Department / School: Current - Faculty of Health, Engineering and Sciences - School of Civil Engineering and Surveying
Date Deposited: 02 Jun 2016 06:06
Last Modified: 03 Jun 2016 00:46
Uncontrolled Keywords: asset management; capability maturity model; CMM; integrated approach, whole-of-life-cycle
Fields of Research : 09 Engineering > 0905 Civil Engineering > 090505 Infrastructure Engineering and Asset Management
09 Engineering > 0999 Other Engineering > 099999 Engineering not elsewhere classified
Socio-Economic Objective: E Expanding Knowledge > 97 Expanding Knowledge > 970109 Expanding Knowledge in Engineering
Identification Number or DOI: 10.1504/IJSEAM.2015.075412
URI: http://eprints.usq.edu.au/id/eprint/29038

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