Physical Asset Management

Physical Asset Management, also known simply as asset management and infrastructure asset management, is an advanced management process for physical systems that focuses on long term delivery of system functions to a specified level currently and into the future.

Physical Asset Management is a synergistic combination of classical maintenance strategies with those that are strategies focused on longevity of systemic functions spanning multiple individual lifetimes of physical assets.  In essence, Physical Asset Management centers on the functions and roles of individual physical assets rather than on the physical assets themselves.  Although there is commonality in tools and practices between classical maintenance and physical asset management, the change in central focus makes important differences.

Physical Asset Management is becoming well known around the world, particularly by public utilities.  Its value is well established and it is highly adaptable to various systems and organizational cultures.  However, until now very little standardization or practical guidelines have been available.  This leaves many organizations with a need and desire to use Physical Asset Management, but without the ability to make an effective start.

To find out more about Physical Asset Management and it history, background, and principles, explore the Background section of this website. 

The Nexus Approach to Physical Asset Management^TM

The Nexus Approach to Physical Asset Management^TM is a comprehensive framework and system for designing and accomplishing Physical Asset Management.  It is applicable to a comprehensive variety of physical systems and management environments.  It provides a layered approach ranging from theory and foundational characteristics through concepts, systems, and tools to a comprehensive set of linked elements.  In essence, it provides comprehensive guidance on the entire practical level for accomplishing Physical Asset Management.

The Nexus Approach to Physical Asset Management^TM was developed over three decades under demanding Physical Asset Management conditions including a multitude of municipal and industrial water/wastewater treatment systems, other public works systems, nuclear power plants, and U.S. Navy submarines.  The Nexus Approach to Physical Asset Management^TM is not a product but rather a framework and body of guidance that empower systems and tools to produce a holistic and effective Physical Asset Management program.  Any organization can choose to use the Nexus Approach to Physical Asset ManagementTM merely by learning about it.  The Nexus Approach to Physical Asset Management^TM is acquired through consulting, training, and services available directly from its creator.  This website is the internet home of the Nexus Approach to Physical Asset Management^TM.

To find out more about the Nexus Approach to Physical Asset Management^TM, explore the Nexus Approach section of this website.

An overview of Physical Asset Management and how the Nexus Approach to Physical Asset Management enables and supports organizations in accomplishing Physical Asset Management is provided in a white paper. (click here to download the white paper in pdf).