Author: Aida Vucic

Traditional approaches to asset management have largely been focused on the technical aspects of monitoring asset management performance as a means of maximising asset longevity, often overlooking the important role that employees themselves play in ensuring effective asset management decision making.

This paper explores the cultural shift that is required for organisations to develop a proactive asset management culture which places the focus on employees as asset custodians. It highlights how organisations can empower the people within them with the right tools, and facilitate the necessary cultural changes to achieve asset management objectives. Organisations which can get this right will be better prepared to tackle the growing future challenges facing their asset portfolios.