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With the release of version 8 in July 2021 the product was renamed to IBM Maximo Manage. [ 4 ] Maximo is designed to assist an organisation in managing its assets such as buildings, vehicles, fire extinguishers, equipment recording details such as details, maintenance schedules and participating in workflows to manage the assets.
The current configuration refers to the current status, current audit, and current metrics. Similarly, but less common, a baseline may refer to all items in a project. This may include the latest revision of all items or only specific revisions of all items in the project, depending on the nature of the baseline, dynamic or fixed respectively.
Configuration items are represented by their properties. These properties can be common to all the configuration items (e.g. unique item code that we will generate, description of function, end of the lifecycle or business owner that is approving configuration item changes and technical owner, i.e. administrator, that is supporting it and implementing the changes).
The different steps of implementing a CMMS plan [1]. A computerized maintenance management system (CMMS) is any software package that maintains a computer database of information about an organization's maintenance operations. [2]
Hence, asset management is a comprehensive approach in handling an immense portfolio of public and private capital stock. As example, in 2009, the IBM Maximo software was adopted to manage the maintenance of rolling stock and facilities for three railway systems: the Long Island Rail Road, San Francisco BART system, Washington metrorail. [10]
Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastructure, buildings or equipment) and to intangible assets (such as intellectual property, goodwill or financial assets).
An asset management plan (AMP) is a tactical plan for managing an organisation's infrastructure and other assets to deliver an agreed standard of service. Typically, an asset management plan will cover more than a single asset, taking a system approach - especially where a number of assets are co-dependent and are required to work together to deliver an agreed standard of service.
International standards in the ISO/IEC 19770 [1] family of standards for IT asset management address both the processes and technology for managing software assets and related IT assets. Broadly speaking, the standard family belongs to the set of Software Asset Management (or SAM) standards and is integrated with other Management System Standards.