Guidelines for the Application of Asset Management in Railway Infrastructure Organisations

Asset management is a term usually associated with the financial sector but is rapidly gaining influence in organisations responsible for infrastructure networks, such as electricity and gas transmission and distribution, water, and transport. There is particular interest in the application of asset management principles to the management of railway networks, where the cost and performance of the infrastructure are of national significance Asset management for the railway infrastructure is fundamentally about delivering the outputs valued by customers, funders and other key stakeholders, in a sustainable way, for the lowest whole life cost. While it may be considered to be an evolution of traditional approaches to managing large scale infrastructures, it does have three distinguishing features. […]