Looking after planes, trains, clean energy and human health: 23 important lessons i´ve learned the hard way ...

This paper (containing material originally published in [1]) summarises what I have learned about Asset Management during the last 30 years. Crucially, Asset Management has to be business focussed, because a business is affected by what an asset does, not what it is. It is also very beneficial to take a broad view, since the benefits of Asset Management may not lie where you first think; building on this, data integration gives synergies that create unexpected value and delight customers. Asset knowledge is critical; physics-based models build the foundations for full understanding of asset and business dynamics. Things must be kept simple and visible, if you want your efforts to be accepted and acted on. It must always be remembered that cost is not value; the cost-cutters need reminding of this frequently. An Asset Management business cannot be created without developing the three key ingredients; people, processes and tools. Human factors must never be underestimated, because they will dominate your efforts. Finally, I´ve always found that perseverance pays off, both personally and professionally.