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Business Intelligence, Asset Management and Risk Assessment Based Decision Making

Business Intelligence, Asset Management and Risk Assessment Based Decision Making Today, more than ever, planners and decision makers are held accountable for outcomes often appearing to be beyond their control, generated by decisions made by others, which were made in different times and socio-economic, industrial and legal environments. Complex and interdependent systems are difficult to grasp and understand. Business systems have become overwhelmingly complex and interdependent and it is often difficult to gain clear understanding of their elements and operating…

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Discussing our prior post on Asset Management and Risk Management

Asset Management and Risk Management ISO 55001:2014 specifies requirements for an asset management system within the context of the organization. It can be applied to all types of assets and by all types and sizes of organizations. It is also the third management system to be written in the new ISO consolidated “Annex SL” format. The very important news is that Asset Management has been transformed from an isolated activity (BS PAS 55) to an activity guided by the international…

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