Strategies For Investment In IT Systems For Asset Management

Topics:
Asset Management
Tags:
Asset,
Asset Management,
Business Operations,
Information Technology,
Investment,
Operational Planning,
Strategy
Source:
KTH - Royal Institute of Technology

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Overview: The benefits of proper Asset Management have always been well known in the power industry. Lately, with the aging infrastructure and workforce, coupled with economic pressures enforced by re-regulation, Asset Management has risen in priority. This paper summarizes the findings of a survey on current use of IT, and future plans, for Asset Management conducted among Swedish utilities and pulp & paper mills. The survey shows a large variation in how the utilities approach the issue of improving Asset Management. It also indicates that there are significant differences across the studied industries - electric power and pulp & paper -regarding the integration of Asset Management with other operational processes.

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Format: PDF | Size: 213KB | Date: Sep 2004 | Pages: 15

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