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Opinion Pieces

Asset Management and the new ISO Standards

Much has been written about the discipline of Asset Management that is emerging as a pre-requisite for any competent asset related organisation. In the Transmission and Distribution sector in Australia and New Zealand, many utilities have established Asset Management functions within the organisational structure and many have a nominated asset manager for all or part of the asset base but globally there is still substantial misunderstanding of just what asset management is and what benefits can be obtained.

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