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Physical Asset Management Hardcover – January 1, 2009

by Nicholas Anthony John Hastings (Author)

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Physical Asset Management: With an Introduction to the ISO 55000 Series of Standards
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Physical asset management is the management of fixed or non-current assets such as equipment and plant. Physical Asset Management presents a systematic approach to the management of these assets from concept to disposal. The general principles of physical asset management are discussed in a manner which makes them accessible to a wide audience, and covers all stages of the asset management process, initial business appraisal; identification of fixed asset needs; financial evaluation; logistic support analysis; life cycle costing; maintenance strategy; outsourcing; cost-benefit analysis; disposal; and renewal. Physical Asset Management addresses the needs of existing and potential asset managers, and provides an introduction to asset management for professionals in related disciplines, such as finance. The book provides both an introduction and a convenient reference work, covering all the main areas of physical asset management.

Product details

Publisher ‏ : ‎ Springer; 2010th edition (January 1, 2009)
Language ‏ : ‎ English
Hardcover ‏ : ‎ 399 pages
ISBN-10 ‏ : ‎ 1848827504
ISBN-13 ‏ : ‎ 978-1848827509
Item Weight ‏ : ‎ 3.59 pounds
Dimensions ‏ : ‎ 6.14 x 0.88 x 9.21 inches

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Carl Kirstein

too shallow

Reviewed in the United States on July 18, 2012

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I am a physical asset management specialist for our mining company and brought this book on my kindle to see how good Hasting's interpretation of PAS 55:2008 is. I was disappointed with the lack of anything to add from PAS 55 with the policies, strategies and objectives.

If you do not own PAS 55 and know very little of physical asset management (PAM), then by all means, buy this book (its cheaper than PAS 55) and become educated (in a little bit of almost everything in PAM). I warn however that this book is too simple most of the time in the theory/principles that it presents. And the structure/framework in which physical asset management is presented is not very logical. I have difficulty forming a "big picture" of PAM in my head from this book, and find referencing subjects cumbersome (i don't know where to look).

PAM as a subject is perhaps too broad to encapsulate in any sufficient depth in a single book, but then I expect the principles and structure/framework to be very good. Unfortunately, in my opinion, the book did not quite get it right.