Enterprise Asset Management (EAM) is the management of an organisation’s entire value chain of physical assets and infrastructure throughout the entire business lifecycle. An EAM includes the design, construction, commissioning, operations, maintenance and decommissioning or replacement of fixed assets like structures, machinery, or plants as well as moving assets such as vehicles to reduce costs, improve quality and efficiency, and safeguard health, safety and the environment.
Related Definitions in the Project: The Project Management; Operation and Maintenance
