Integrating Facilities Stovepipes for Total Asset Management (TAM)
Traditionally, facilities are managed along functional, product-oriented stovepipes. While some integration and cross feeding does take place, this certainly is not optimal. Competing and conflicting actions due to miscommunication increase information loss as the facility passes through various phases of its life cycle as shown in Figure 1, adversely affecting the reliability and availability of facilities. Optimal solutions that meet facilities’ needs now and into the future are achieved by viewing facilities holistically and integrating these stovepipes in ways that balance the return on investment (RO I) with an acceptable level of risk while reflecting an owner’s vision, mission and goals to further business, financial, and facilities plans.