Assets can come in many forms, from physical, human, intangible or financial; Successful asset management makes sure you get the maximum value from these assets. At Fractal Solutions we deal primarily with the physical assets, such as your machinery. Physical asset management factors in the whole lifecycle through design, construction, commission, operation, maintenance, repair, modification, replacement and disposal.
Asset Management has many different factors; optimized planning, asset selection, development and acquisition, utilization, maintenance and disposal or renewal of assets or asset systems. Managing your assets involves different areas, from balancing costs, risks, and opportunities, against the assets’ desired performance to achieve objectives.
Having a good Asset Management plan lets your creditors, or potential creditors, know that you are less of a risk, and will allow you to obtain lower premiums, better loan terms, and more capital.
Asset Management can be seen as a balance between art and science, making the right decision at the right time to optimize your assets and deliver value. Some of the key goals are; managing assets to maximize their lifespan, reduction of their costs, and reduced downtime.
Fractal Solutions is an Asset Management and Reliability consulting company. We specialize in program startup, facilitation, staffing, and training. To talk about your company’s asset management or to learn how we can help, click the below button