GFMAM Asset Management Landscape 5.1 – Asset Management Data and Information
THIS VIDEO IS FROM THE FREE COURSE – GFMAM Asset Management Landscape | Organisational Change Management (OCM) perspective (https://elearning.applyingassetmanagement.com)
This module explores Subject 5.1 – Asset Management Data and Information Strategy from the GFMAM Asset Management Landscape (Version 3, 2024).
It focuses on how organisations define, manage, and use data to enable accurate, consistent, and informed asset management decisions.
The lesson outlines how to:
~Identify the data and information required to support decision-making across the asset life cycle.
~Ensure data quality, consistency, and alignment with organisational digital and data strategies.
~Plan for future technologies such as digital twins, artificial intelligence, and predictive analytics.
~Establish governance frameworks to manage data quality, security, and responsible use.
~Integrate asset data across functions to create a single, reliable source of truth.
From an Organisational Change Management (OCM) perspective, this subject highlights how people, capability, and culture determine the success of data and information strategies. It considers how to:
~Build awareness of data quality and its impact on business decisions.
~Define clear data ownership and accountability structures.
~Manage resistance to new digital tools through communication, champions, and hands-on learning.
~Promote collaboration between finance, operations, and IT through cross-functional data governance.
~Develop workforce capability in digital literacy and analytical thinking.
~Strengthen trust by communicating data security practices and ethical standards.
This subject aligns with ISO 55001:2024 clauses:
~7.5 Documented Information
~7.6 Data and Information
~9.1 Monitoring, measurement, analysis, and evaluation
To explore further:
https://elearning.applyingassetmanagement.com
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https://www.structuredchange.com.au
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