Please download the PDF.
Asset Management for Developing Countries
For more papers, presentations and procedures on asset management follow the link:
https://felixschrodinger.wordpress.com/category/asset-management/
If you get to the end of the page and haven’t found what you are looking for, use the ‘older posts’ link at the bottom of the page.
Felix Schrodinger's Blog 
This paper describes how to construct a simple asset management system. It was designed for use in developing countries, hence the title, and was presented at the BEAR Conference in Sri Lanka in 2008. It is implementable in weeks rather than months or even years and is supported by a other papers on a number of related subjects including asset lives and performance grades.
It has no relationship with the IAM’s specification PSA55, having been developed long before that document was drafted. It has been used in a number of countries and, if successfully implemented, it can be upgraded as part of a more formal system.
In my opinion, this article provides a very practical perspective. The clear logic involved is articulated very simply, and can be applied quite directly across a broad range of asset classes. My experience to date is that too often asset management is engineering-focussed, with disproportionately less focus on the economic drivers that substantiate the existence of the assets in the first instance. The results unfortunately leave many asset development opportunities largely untapped, with many “developed” countries facing significant asset remediation projects due to inadaquate focus on the core issues involved in assuring the ongoing long term value of their assets. I believe that a contributing factor in this is the underlying perception that substitutes “infrastructure” with “assets”. In engineering this interchange is mostly inconsequential, in that engineers percieve them similarly. However, in economic terms the conceptual difference is significant, leading to widespread miscommunication about the issues affecting this crucual aspect of improving the economic prosperity in many communities, yes, even in “developed countries”. Thanks for posting an inightful article.
See: https://felixschrodinger.wordpress.com/2013/11/16/a-short-course-in-asset-management/
Thanks , I’ve recently been searching for info approximately this subject for a while and yours is the best I’ve came
upon so far. However, what concerning the bottom line?
Are you sure about the source?
This is all my own work. ‘FS’ is a pseudonym which I developed for my papers on particle physics.