European Asset Management Committee – EAMC
Definition of production asset management:
The optimal life cycle management of physical assets to
sustainable achieve the stated business objectives.
![]() |
![]() |
| Chairman: Kari Komonen, Promaint, Finland |
Deputy: Richard Edwards, IAM, UK |
The Committee members or partners:
| |
Kari Komonen, Promaint |
| |
Richard Edwards, IAM |
| Wout Theuws, Bemas |
|
| Peter Strini, DDV |
|
| Bo Anders Persson, Utek |
|
| |
Mladen Jakovčić, HDO |
| Tomas Palma, CSPU |
|
| Ludovic Benetrix, AFIM |
|
| |
Franco Santini, A.I.MAN |
The Background:
Asset Management has a holistic view on the engineering (physical) assets of a company. The concept takes into account capacity considerations, design, investments and maintenance of production equipment. One of the main tasks of Asset Management is to guarantee that the changing business requirements and engineering assets match together in an optimal way taking into account all life cycle aspects of equipment. In the present business environment the asset management is becoming one of the key challenges of the business organizations. EFNMS Asset Management Committee was founded in 2007.
Vision:
To create a discipline of an asset management as a key competence of EFNMS (under the process of development)
Mission:
To make asset management well known discipline in Europe, promote asset management competencies and support and promote the development of asset management methodology (under the process of development)
Invitation to participate:
We invite all our member societies to participate in the activities of EAMC
Business Plan:
- Promote physical asset management and contribution maintenance makes to it
- Encourage national societies to actively participate in the development of physical asset management
- Developing guidelines for members of national maintenance societies to follow good practices in physical asset management
- Encourage national societies to define competencies and training programs for physical asset management
Stakeholders
EFMNS Members
Vice
President Level
Conceptual process
Standards and specifications
Marketing Plan
Euro Maintenance 2010 – Verona Local Seminars organised by member societies – aimed at top management Need to develop papers / speakers Write in magazines e.g. EFNMS publication, member society publications, IJSEAM Communication Plan – External and Internal
Participate in discussions on physical asset management with EAMC (European asset management committee) in LinkedIn
Branding of EFNMS with respect to Asset Management
-
Committee Membership
Additional people from societies
-
Critical Success Factors / Strategic Drivers
(under the process of development)
-
Justification / arguments
Special topic in Trondheim GA meeting
What is Asset Management
The systematic and coordinated managerial decisions, activities and practices through which a company identifies existing and potential strategic engineering assets against business requirements, successfully manages them and their associated performance, output, risks and expenditures over their life cycle, for the purpose of achieving the company’s strategic objectives. This is valid for all systems producing goods and services.
Publications

