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Published in:
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2021 | OriginalPaper | Chapter

1. Definitions and Scope

Author : Joe E. Amadi-Echendu

Published in: Managing Engineered Assets

Publisher: Springer International Publishing

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Abstract

This chapter provides a brief articulation of the motivation for managing engineered assets that facilitate and support all facets of human endeavour, livelihood, and industry. The articulation is based on a brief but concise discourse on some of the historical antecedents to the wide ranging cross-disciplinary, inter-disciplinary, trans-disciplinary, and multidisciplinary human endeavour of managing engineered assets. The chapter includes an overview of the grand challenges for engineering in the sustainability driven era of Society 5.0 powered by combinations of 1st, 2nd, 3rd, and 4th industrial revolution (4IR) technologies. This introductory discourse concludes with definitions for ‘asset’ and ‘asset management’.

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Footnotes
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Here, physical assets include natural resources like minerals and engineered assets like infrastructure.
 
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Amadi-Echendu et al. (2010) What is Engineering Asset Management: Chapter in Engineering Asset Management Review, January 2010. https://​doi.​org/​10.​1007/​978-1-84996-178-3_​1.
 
Literature
Amadi-Echendu, J. E. (2013). Assessment of engineering asset management in the public sector. In Proceedings of 8th WCEAM and 3rd ICUMAS (pp. 1151–1156), Hong Kong Oct 31–Nov 1 2013. Springer e-book. ISBN 978-3-319-09507-3.
Amadi-Echendu, J. E. (2017). Developments in the management of engineered assets: before and beyond ISO5500x. Keynote address 4—IEOM Conference, Rabat, Morocco, 11–13 April 2017.
Bennet, N., & Lemoine, G. J. (2014). What VUCA really means for you. Harvard Business Review, Jan–Feb 2014.
BS 3843. (1992). Terotechnology (the economic management of assets). British Standards Institution.
Cities in transition: World Bank Urban and Local Government Strategy. (2000). ISBN 0-8213-4591-5.
Cullen, W. D. (1990). The public enquiry into the Piper Alpha disaster. Department of Energy, HMSO, London.
Fukuyama, M. (2018). Society 5.0: Aiming for a new human-centered society. Japan Spotlight, July/August 2018.
Grubišić, M., Nušinović, M., & Roje, G. (2009). Towards efficient public sector asset management. Financial Theory and Practice, 33(3), 329–362.
Hodkiewicz, M. R., & Pascual R. (2006). Education in engineering asset management—Current trends and challenges. In International Physical Asset Management Conference, Tehran, 28th–31st 2006.
ISO 55000:2014. Asset management—Overview, principles and terminology.
ISO/TC 251 WG4 Managing assets in the context of asset management, May 2017.
Nowlan, F. S., & Heap, H. F. (1978). Reliability-centered maintenance. Dolby Access Press.
Rigby, D. (1993). The secret history of process reengineering. Planning Review, 21(2), 24–27.CrossRef
Salgues, B. (2018). Society 5.0: Industry of the future, technologies, methods and tools. ISTE Ltd and Wiley. ISBN 978-1-78630-301-1.
Schwab, K. (2016). The fourth industrial revolution. Crown Business.
Urquhart, T., & Busch, W. (2000). Strategic municipal asset management. The World Bank: Worley International Ltd.
Metadata
Title
Definitions and Scope
Author
Joe E. Amadi-Echendu
Copyright Year
2021
Book
Managing Engineered Assets

Print ISBN: 978-3-030-76050-2

Electronic ISBN: 978-3-030-76051-9

Copyright Year: 2021

DOI
https://doi.org/10.1007/978-3-030-76051-9_1

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