This document provides practical guidance to railway infrastructure managers who wish to improve their existing Asset Management capability. It is based on a standardised approach that is being widely adopted in railways and other asset intensive sectors around the world.
The two principal assertions underpinning this work are:
- Railways are not yet operating at their full potential in terms of providing customers and funders with a safe, quality service that is demonstrably value for money
- Asset Management is the only system-wide approach that has the breadth, depth and whole life focus necessary to help infrastructure managers to realise this potential
Asset Management integrates decisions and activities, and it creates a clear ‘line of sight’ or alignment between organisational objectives and the delivery of work on the ground. It is the only management system that puts the asset portfolio and its operation at the centre of activities. It also has an emphasis on the importance of risk-based decisions taken over the asset life cycle, and the critical role of information in supporting such decisions. [...]