The ability of an organization to achieve its Asset Management objectives can be enhanced by leadership acknowledging and understanding how each role within the organization contributes to successful outcomes. The way the organization is then arranged, by way of structure, responsibilities, and lines of communication, will influence Asset Management culture, performance, and effectiveness.
Leadership may consider different types of organizational structures to achieve these outcomes. Organisational structures may look different depending on aspects such as:
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Cultural and social norms.
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Ownership structure – private, government, or listed company.
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Type of industry – products or services.
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Regulatory requirements.
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Maturity of the organization – startup or established.
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Global span – regional site, single country, or multinational.
Regardless of the organizational structure, the organizational arrangements should provide alignment to Asset Management objectives and clarity of purpose and responsibility for all roles and/or reporting lines. This should enable relevant information to flow through the organization to facilitate high performance outcomes and accountability.
The arrangements made should consider how they will affect the organisation’s ability to shape Asset Management culture, manage competencies, capture, and share knowledge and manage change.