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2021 | OriginalPaper | Buchkapitel

4. Practical Concepts

verfasst von : Prof. Joe E. Amadi-Echendu

Erschienen in: Managing Engineered Assets

Verlag: Springer International Publishing

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Abstract

The discourse in this chapter focuses on concepts necessary for effective application of the value ethos, the sustainability paradigm, and the technical principles discussed in the preceding chapters. Curiously, these concepts tend to be overlooked or taken for granted; after all, the presumption is that asset management practitioners should be able to plan and organise relevant resources, schedule tasks and compose teams that can make informed decisions to ensure that tasks are executed effectively. The paradoxical effect of trivialising the concepts of planning, scheduling, organising, teaming and decision-making often vitiates the management of engineered assets, notwithstanding that there is widely available software that supposedly embed, formalise and automate these concepts.

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Fußnoten
1
Seely, J. R. (1962). What is Planning? Definition and strategy. Journal of the American Institute of Planners, 28(2), 91–97. https://​doi.​org/​10.​1080/​0194436620897942​5.
 
2
• Koontz, H., & O'Donnell, C. (1955). Principles of management: An analysis of managerial functions. New York: McGraw-Hill.
• Jeseviciute-Ufartiene, L. (2014). Importance of planning in management development organisation. Journal of Advanced Management Science, 2(3).
 
3
Baker, K. R. & Trietsch, D. (2009). Principles of sequencing and scheduling. Wiley.
 
4
Capability = function (authority, competencies, data, information, knowledge, material and non-material resources, etc.).
 
6
Edmondson, A. (2012). Teaming: How organizations learn, innovate, and compete in the knowledge economy. Wiley. www.​josseybass.​com.
 
7
Bing, D. (1996). Due diligence techniques and analysis: Critical questions for business decisions. Quorum Books. ISBN 1-56720-029-X.
 
8
Pušeljić, M., Skledar, A., & Pokupec, I. (2015). Decision-making as a management function. Interdisciplinary Management Research, 11, 234–244.
 
9
Boulding, W., Moore, M. C., Staelin, R., Corfman, K. P., Dickson, P. R., Fitzsimons, G., Gupta, S., Lehmann, D. R., Mitchell, D. J., Urbany, J. E. & Weitz, B.A. (1994). Understanding managers’ strategic decision-making process. Marketing Letters, 5(4), 413–426.
 
10
Haidar, A. D. (2016). Decision making principles. In Construction program management—Decision making and optimization techniques (pp. 25–55). Springer. https://​doi.​org/​10.​1007/​978-3-319-20774-2_​2.
 
11
Marchisotti, G. G., Almeida, R. L., & Domingos, M. L. C. (2018). Decision-making at the first management level: The interference of the organizational culture. Revista de Administração Mackenzie, 19(3). https://​doi.​org/​10.​1590/​1678-6971/​eRAMR180106a.
 
12
McDonald, A. J., with Hansen, J. R. (2012). Truth, lies and O-rings: Inside the space shuttle Challenger disaster. James Hanson. ISBN 13: 9780813041933.
 
Literatur
Zurück zum Zitat Baker, K. R. & Trietsch, D. (2009). Principles of sequencing and scheduling. Wiley. Baker, K. R. & Trietsch, D. (2009). Principles of sequencing and scheduling. Wiley.
Zurück zum Zitat Bing, D. (1996). Due diligence techniques and analysis: Critical questions for business decisions. Quorum Books. ISBN 1–56720-029-X. Bing, D. (1996). Due diligence techniques and analysis: Critical questions for business decisions. Quorum Books. ISBN 1–56720-029-X.
Zurück zum Zitat Boulding, W., Moore, M. C., Staelin, R., Corfman, K. P., Dickson, P. R., Fitzsimons, G., et al. (1994). Understanding managers’ strategic decision-making process. Marketing Letters, 5(4), 413–426.CrossRef Boulding, W., Moore, M. C., Staelin, R., Corfman, K. P., Dickson, P. R., Fitzsimons, G., et al. (1994). Understanding managers’ strategic decision-making process. Marketing Letters, 5(4), 413–426.CrossRef
Zurück zum Zitat Jeseviciute-Ufartiene, L. (2014). Importance of planning in management development organisation. Journal of Advanced Management Science, 2(3). Jeseviciute-Ufartiene, L. (2014). Importance of planning in management development organisation. Journal of Advanced Management Science, 2(3).
Zurück zum Zitat Koontz, H., & O’Donnell, C. (1955). Principles of management: An analysis of managerial functions (p. 1955). New York: McGraw-Hill. Koontz, H., & O’Donnell, C. (1955). Principles of management: An analysis of managerial functions (p. 1955). New York: McGraw-Hill.
Zurück zum Zitat McDonald, A. J., & Hansen, J. R. (2012). Truth, lies and O-rings: Inside the space shuttle Challenger disaster. James Hanson. ISBN 13: 9780813041933. McDonald, A. J., & Hansen, J. R. (2012). Truth, lies and O-rings: Inside the space shuttle Challenger disaster. James Hanson. ISBN 13: 9780813041933.
Zurück zum Zitat Negulescu, O.-H. (2014). Using a decision-making process model in strategic management. Review of General Management, 19(1), 111–123. Negulescu, O.-H. (2014). Using a decision-making process model in strategic management. Review of General Management, 19(1), 111–123.
Zurück zum Zitat Pušeljić, M., Skledar, A., & Pokupec, I. (2015). Decision-making as a management function. Interdisciplinary Management Research, 11, 234–244. Pušeljić, M., Skledar, A., & Pokupec, I. (2015). Decision-making as a management function. Interdisciplinary Management Research, 11, 234–244.
Metadaten
Titel
Practical Concepts
verfasst von
Prof. Joe E. Amadi-Echendu
Copyright-Jahr
2021
DOI
https://doi.org/10.1007/978-3-030-76051-9_4