Information and Operational Technologies Governance Framework for Engineering Asset Management

Engineering asset management is dependent on a variety of information and operational technologies. These technologies have significant role as they support primary as well as secondary activities in the asset lifecycle management value chain. Management of these technologies must be viewed as a control function which is critical to asset managing organisation in order to organise, manage, and execute business processes efficiently and effectively. However, where information technology infrastructure is considered the core enabler of the business, there is little consideration given to operational technologies. However, operational technologies are as important as information technologies, as they capture, process, and provide foundation information for a variety of information technologies that manage asset lifecycle. This also underscores the critical role of information and operational technologies in risk management, quality compliance, and asset lifecycle regime continuous improvement and development. Therefore, there needs to be a holistic approach to these technologies and their alignment with overall assert lifecycle objectives. This paper builds the case for consolidated governance of information and operational technologies aimed at managing implementation, operation, and management issues, and related resources and risk management. This paper provides insights into the ways in which governance of information and operational technologies respond to or account for organisation development in terms of their structure and management, which requires effective management and improvement of technological capabilities and integration between business and technologies.