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  • © 2021

Physical Asset Management

With an Introduction to the ISO 55000 Series of Standards

  • Is the latest edition of the highly successful asset management textbook for students and practitioners

  • Brings fully up-to-date with and provides insight into new international asset management standards ISO55002 and ISO/TS50010

  • Presents a systematic approach to the management of physical assets, from concept to disposal

Buying options

eBook USD 79.99
Price excludes VAT (USA)
  • ISBN: 978-3-030-62836-9
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book USD 99.99
Price excludes VAT (USA)
Hardcover Book USD 139.99
Price excludes VAT (USA)

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Table of contents (29 chapters)

  1. Front Matter

    Pages i-xxxvi
  2. Introduction to Asset Management

    • Nicholas Anthony John Hastings
    Pages 1-24
  3. Structure and Activities

    • Nicholas Anthony John Hastings
    Pages 25-46
  4. Asset Management Personnel

    • Nicholas Anthony John Hastings
    Pages 47-62
  5. From Concept to Project Approval

    • Nicholas Anthony John Hastings
    Pages 63-99
  6. Financial Methods

    • Nicholas Anthony John Hastings
    Pages 101-122
  7. Developing a Business Case

    • Nicholas Anthony John Hastings
    Pages 123-140
  8. Implementing Development Plans

    • Nicholas Anthony John Hastings
    Pages 141-167
  9. Life Cycle Planning and Costing

    • Nicholas Anthony John Hastings
    Pages 169-185
  10. Know Your Assets

    • Nicholas Anthony John Hastings
    Pages 187-201
  11. Asset Continuity Planning

    • Nicholas Anthony John Hastings
    Pages 203-217
  12. Strategic Asset Management Planning

    • Nicholas Anthony John Hastings
    Pages 219-239
  13. Capital Planning and Budget

    • Nicholas Anthony John Hastings
    Pages 241-262
  14. Asset Management Information Systems

    • Nicholas Anthony John Hastings
    Pages 263-282
  15. Cost–Benefit Analysis

    • Nicholas Anthony John Hastings
    Pages 283-293
  16. Risk Analysis and Risk Management

    • Nicholas Anthony John Hastings
    Pages 295-328
  17. Outsourcing

    • Nicholas Anthony John Hastings
    Pages 329-341
  18. Logistic Support

    • Nicholas Anthony John Hastings
    Pages 343-361
  19. Asset Basic Care

    • Nicholas Anthony John Hastings
    Pages 363-379
  20. Maintenance Organization and Budget

    • Nicholas Anthony John Hastings
    Pages 381-408

About this book

This book presents a systematic approach to the management of physical assets from concept to disposal, building upon the previous editions and brought up-to-date with the new international standards ISO55002 and ISO/TS50010. It introduces the general principles of physical asset management and covers all stages of the asset management process, including initial business appraisal, identification of physical asset needs, capability gap analysis, financial evaluation, logistic support analysis, life cycle costing, strategic asset management planning, maintenance strategy, outsourcing, cost-benefit analysis, disposal and renewal. Features include:

  • providing a textbook for asset management courses to university level;
  • relating closely to the ISO55000 international asset management standard series;
  • providing a basis for the establishment of physical asset management as a professional discipline; and
  • presenting case studies, analytical techniques and numerical examples with solutions.

Written for practitioners and students in asset management, this book provides an essential foundation to the topic. It is suitable for an advanced undergraduate or postgraduate course in asset management and also offers an ideal reference text for engineers and managers specializing in asset management, reliability, maintenance, logistics or systems engineering. 

Keywords

  • Asset Management Finance
  • Asset Management Plans
  • Graduate Course Physical Asset Management
  • Graduate Textbook Asset Management
  • International Asset Management Standard Iso55000
  • Iso55000
  • Logistic Support Analysis
  • Management of Fixed Assets
  • Management of In-Service Assets
  • Management of Physical Assets from Concept to Disposal
  • Physical Asset Management
  • Stages of the Asset Management Process
  • Textbook Asset Management
  • Textbook Physical Asset Management

Authors and Affiliations

  • Birkdale, Australia

    Nicholas Anthony John Hastings

About the author

Dr. Nicholas Anthony John Hastings has worked for over 45 years in the field of engineering asset management.  His early career was in the British Army, where he attended the Royal Military Academy Sandhurst and the University of Cambridge and served in the Royal Electrical and Mechanical Engineers. He worked initially in maintenance management and later in asset management policy, focussing on planning for the ongoing sustainment of equipment fleets, through repair/replace decision making and related logistic issues.

In 1994, he took up the Mount Isa Mines Chair in Maintenance Engineering at Queensland University of Technology, Brisbane, Australia.  He subsequently worked on asset-related projects in mining, electricity supply, water supply, gas extraction and processing and defence.  Following his retirement from full-time university work, he was awarded the Medal of the Maintenance Engineering Society of Australia for contributions to reliability and engineering asset management.  In 2009, he was an expert witness on asset management issues for the Victorian Bushfire Royal Commission into the Black Saturday bushfires, Australia’s worst bushfire disaster. He is Director of Albany Interactive Pty. Ltd., a consultancy firm in engineering asset management, and is External Lecturer in Asset Management Systems at Central Queensland University.

Bibliographic Information

Buying options

eBook USD 79.99
Price excludes VAT (USA)
  • ISBN: 978-3-030-62836-9
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book USD 99.99
Price excludes VAT (USA)
Hardcover Book USD 139.99
Price excludes VAT (USA)