Organization - wide
physical asset management

About HPAM

HPAM - Holistic Physical Asset Management means applying the physical asset management discipline with a whole lifecycle approach across the entire organization to achieve the strategic objectives. In essence the HPAM approach has been developed to align with the ISO 55000 definition of Asset Management:

“Asset management is defined as the set of coordinated activities that an organization uses to realize value from assets in the delivery of its outcomes or objectives.”

You don’t know where to start to build an asset management system in your organization? Are you having challenges in implementing asset management practices in your organization to be compliant with ISO 55000 requirements?

The HPAM Process will help with main objective to implement an organization-wide physical asset management (OWPAM) system – enhancing collaboration between the functional silos while coordinating physical asset management activities across all lifecycle phases to realize maximum value.

The HPAM Process

The HPAM Process consists of 4 steps:

Understand and recognize the challenges in OWPAM – Physical Asset Management - An Organizational Challenge

Discuss the challenges and identify the Top Priorities – The HPAM Game

Develop implementation plan to move towards an OWPAM System – OWPAM - A Systems Approach

Implement and Operationalize the OWPAM System – The Tool

Physical Asset Management - An Organizational Challenge

A holistic approach to managing physical assets has become a top priority for organizations both in the public and private sectors...See More

HPAM Game®

The HPAM Game® is a highly interactive team approach game developed to help Organizations on their path to implementing organization-wide holistic physical asset management...See More

Organization-Wide Physical Asset Management - A Systems Approach

Organizations are investing lots of money and resources in building their physical asset management systems...See More

The Tool

Coming Soon

Our Plan

Play & Learn

(The HPAM Game)

  • Start the HPAM journey
  • Learn the asset management activities
  • Interact with players
  • Discuss involvement & ownership challenges
  • Gaps & Overlaps analysis
  • Bubble chart analysis
  • Identify Top priorities
  • Review OWPAM Dashboard
Prioritize & Implement

Implement Plan

$..../year

  • Review OWPAM Dashboard
  • Revise Bubble Chart and Top priorities
  • Revise level of involvement, agree on roles and ownership
  • Develop plan to implement asset management activities
  • Identify interdependencies
  • Implement and track progress on OWPAM dashboard
Operationalize & Maintain

Operationalize Plan

$..../year

  • Coming Soon

Is your Organization ready for the transformation process? Start your HPAM journey here.

Start Now

Physical Asset Management - An Organizational Challenge

A holistic approach to managing physical assets has become a top priority for organizations both in the public and private sectors. For years to come considerable amount of funds is being committed to invest in physical assets and asset management practitioners are honing their skills to be part of the huge undertaking.

But there is one key oversight: how will organizations cope with the implementation of a holistic physical asset management approach? In many organizations there exists a lack of collaboration and alignment to achieve organizational strategic goals. Why? Organizational silos, the very silos that must be major contributors for the successful implementation of the holistic physical asset management approach.

​Physical Asset Management — An Organizational Challenge explores how the physical asset management philosophy fits within an organization, details the challenges it faces, and reviews the different functional areas dealing with physical assets. Existing gaps and overlaps are uncovered, exposing those that hinder collaboration and alignment. Written with asset management practitioners in mind, as well as everyone involved with physical assets, this book and its case studies will aid organizations to be better prepared when they embark on the journey of holistic physical asset management.

HPAM Game®

The HPAM Game® is a highly interactive team approach Board Game developed to help Organizations on their path to implementing organization-wide holistic physical asset management. The objective of the Board Game is to look at the key physical asset lifecycle strategic & tactical activities and match them with corresponding key functional areas of the organization. It helps Organizations to:
• Understand the whole spectrum of strategic and tactical activities required for a holistical and organization-wide physical asset management approach.
• Identify ownership issues, gaps and overlaps that could exist and that are critical for the successful implementation of physical asset management.
• Develop action plans to implement whole lifecycle physical asset management across all functional areas to meet the organizational objectives and enable the realization of maximum value.

The HPAM Board Game brings everyone in the organization together in one room, to educate them on the asset management activities, to make them understand the importance of ownership and involvement and be aware of the implementation challenges. It is a board game that is played physically in a meeting room combined with an online application to generate results and analysis.

The Participants will have the opportunity to debate among themselves about the physical asset lifecycle strategic & tactical activities: how they apply to their organizational context, how important they are from a whole lifecycle perspective, the issues surrounding their effective implementation; and how to potentially resolve them.

Organization-Wide Physical Asset Management - A Systems Approach

Managing physical assets is a cooperative and cross-functional discipline that demands a solid governance structure, strong leadership, and well-coordinated policies and practices to meet organizational objectives and requirements in the context of their operations. Most current physical asset management systems tend to be silo-based in that they have been developed by a particular section or function for use only in that function. The effects of the isolated function-specific asset management systems are widespread and have significant implications, creating gaps and overlaps in business processes or impeding the decision-making processes.

Organizations are investing lots of money and resources in building their physical asset management systems. However, for far too long the problem is that the focus has been mostly on the tools and methodologies. These companies need to undergo a paradigm shift focused towards creating a system of organization-wide physical asset management, and moving away from the silo approach. This transformational approach will provide:
• an improvement in communication.
• the ability to assess physical assets across the organization.
• an alignment of all functional areas within an organization to help reach company objectives.

This book will benefit practitioners and students enrolled in asset management programs, helping to change the way they think and implement physical asset management to a more organization-wide, systems approach that will improve all functional areas of the company.