June 16, 2013

The concept of KBAM

Thinking of the title "Knowledge based Asset Management" shows that this is what it takes to be successful. Organizations has assets and utilize these assets according to the existing knowledge. This knowledge determines how competent an organization is. The role of people is first to improve and extend their knowledge to be able to manage their assets in a manner that can drive them towards excellence.

It is a very important aspect as Deming described "Experience without knowledge is useless". being proactive in capturing the desired knowledge will help companies in understanding their journey and what do they need to do to achieve the organizational goals.

When going back it would be useful to link our maintenance system with explicite knowledge that lies within the company, from their, we can understand what knowledge is out that should be acquired and what knowledge needs to be developed. This can be achieved by continuously self assessing our knowledge and measuring the department performance. This will create a loop for feedback on what we are good at to use it as our USP and what we need to increase our competitiveness.

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