Asset health management

In asset management, asset health management (AHM) is the field of study which looks at how to manage the "health" of an assets in a facility, system, or fleet. ^[1] This often includes methods to establish asset health and effort to decide the appropriate actions to be taken to manage the assets' health. This also includes the discussion of health at end of life to ensure the asset's full life is used efficiently.

AHM is used in an increasing number of industries, including electric power generation. ^[1]

Asset health management includes many different methods which can sometime overlap in their intended scope and methods. Asset health management has become a difficult field to discuss due to the use of the same acronym to describe multiple different approaches and the use of the same approach with different names.

Management of multiple assets

There is often also a consideration of additional work done to manage the health of multiple assets within the same framework. Sometimes referred to as fleet health management and falling within the study of Fleet management.^{[ citation needed ]}

When resources are constrained it is a fascinating management problem to consider how best to manage the health of assets. It is rare that assets can be managed in an unconstrained way as resources are always limited by a need to make efficient use of them.

Asset health management relevant standards

A collection of some standards which are often use to manage the health of assets. This is not intended to be an exhaustive list and will organically improve.

• Open O&M
• MSG-3

See also

• Reliability engineering
• Systems engineering

References

1. Hollingshaus, B. (2011). Developing and Implementing an Asset Health Management Program (Report). Palo Alto, California: Electric Power Research Institute. p. 1. 1023067. Retrieved November 12, 2025.