The replacement asset value for an organization, public or private, regulated or non-regulated, having a high dependency on physical infrastructure or equipment, can easily run in the neighborhood of $3,000,000,000. It stands to reason then, that an organization's physical assets represent a significant shareholder investment deserving management attention. This important fact has been recognized and addressed in the Publicly Available Specification (PAS) 55:2008 Asset Management standard, developed in collaboration with the British Standards Institute and The Institute of Asset Management. The standard addresses the growing recognition of how poorly managed assets negatively affect the safety and profitability of an organization. The Meridium comprehensive approach to asset performance management enables industry proven work processes to maximize physical asset performance, mitigate risk, and optimize cost across the business enterprise. As outlined in Achieving and Sustaining PAS 55 Compliance Using Meridium Asset Performance Management, Meridium Asset Performance Management software and Value Assurance Program not only meet PAS 55 requirements for establishing the infrastructure and support to meet the lifecycle requirements of an asset or system, but accelerate results and provide the necessary framework for sustaining asset performance gains. Click here to download Achieving and Sustaining PAS 55 Compliance Using Meridium Asset Performance Management.
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