A company can self-assess its own Asset Management maturity and its ambition in managing and investing in its assets. The following curve indicates how investment in Asset Management can move from being a focus on the overhead costs of implementing an Asset Management programme to realising the benefits that such a programme can bring.
The position a company wants to be on the curve will reflect the importance of its assets to its productivity. Large Asset intensive organisations such as Oil & Gas and Nuclear industries will recognise the value of its investment
What will be the investment needed? The investment will be in Process, Information Systems and Data. There is no doubt that moving up the curve will entail costs. Each company must decide its own ambition.