{"id":987,"date":"2025-11-12T07:56:31","date_gmt":"2025-11-12T07:56:31","guid":{"rendered":"https:\/\/www.minconsult.com\/micoe\/?p=987"},"modified":"2025-11-13T07:17:28","modified_gmt":"2025-11-13T07:17:28","slug":"asset-management-a-potential-new-area-of-business-engineering-consultancy-applicable-to-all-utilities-and-asset-based-organizations","status":"publish","type":"post","link":"https:\/\/www.minconsult.com\/micoe\/asset-management-a-potential-new-area-of-business-engineering-consultancy-applicable-to-all-utilities-and-asset-based-organizations\/","title":{"rendered":"\u201cAsset Management\u201d A Potential New Area of Business &#038; Engineering Consultancy Applicable To All Utilities and Asset Based Organizations"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"987\" class=\"elementor elementor-987\">\n\t\t\t\t<div class=\"elementor-element elementor-element-338070c e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"338070c\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dc67201 elementor-widget__width-initial jltma-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"dc67201\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">KNOWLEDGE &amp; INSIGHTS<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c9cd412 jltma-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"c9cd412\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Minconsult Power Talk Series<\/p>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-277a57d e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"277a57d\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-e68296d e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"e68296d\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2c91a77 jltma-glass-effect-no elementor-widget elementor-widget-image\" data-id=\"2c91a77\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"768\" src=\"https:\/\/www.minconsult.com\/micoe\/wp-content\/uploads\/2025\/11\/power-talk-asset-management-prof-haniffa-v1-768x768.jpg\" class=\"elementor-animation-grow attachment-medium_large size-medium_large wp-image-990\" alt=\"\" srcset=\"https:\/\/www.minconsult.com\/micoe\/wp-content\/uploads\/2025\/11\/power-talk-asset-management-prof-haniffa-v1-768x768.jpg 768w, https:\/\/www.minconsult.com\/micoe\/wp-content\/uploads\/2025\/11\/power-talk-asset-management-prof-haniffa-v1-300x300.jpg 300w, https:\/\/www.minconsult.com\/micoe\/wp-content\/uploads\/2025\/11\/power-talk-asset-management-prof-haniffa-v1-1024x1024.jpg 1024w, https:\/\/www.minconsult.com\/micoe\/wp-content\/uploads\/2025\/11\/power-talk-asset-management-prof-haniffa-v1-150x150.jpg 150w, https:\/\/www.minconsult.com\/micoe\/wp-content\/uploads\/2025\/11\/power-talk-asset-management-prof-haniffa-v1-1536x1536.jpg 1536w, https:\/\/www.minconsult.com\/micoe\/wp-content\/uploads\/2025\/11\/power-talk-asset-management-prof-haniffa-v1-100x100.jpg 100w, https:\/\/www.minconsult.com\/micoe\/wp-content\/uploads\/2025\/11\/power-talk-asset-management-prof-haniffa-v1-200x200.jpg 200w, https:\/\/www.minconsult.com\/micoe\/wp-content\/uploads\/2025\/11\/power-talk-asset-management-prof-haniffa-v1-400x400.jpg 400w, https:\/\/www.minconsult.com\/micoe\/wp-content\/uploads\/2025\/11\/power-talk-asset-management-prof-haniffa-v1-500x500.jpg 500w, https:\/\/www.minconsult.com\/micoe\/wp-content\/uploads\/2025\/11\/power-talk-asset-management-prof-haniffa-v1.jpg 2000w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4d2bbd2 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"4d2bbd2\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-43dde5c jltma-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"43dde5c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><strong>Title :\u00a0 <\/strong>\u201cAsset Management\u201d A Potential New Area of Business &amp; Engineering Consultancy Applicable To All Utilities and Asset Based Organizations<\/p><p><strong>Presented by :<\/strong><span class=\"NormalTextRun SCXW62433329 BCX8\">Ir. Ts. Hj Mohamed\u00a0<\/span><span class=\"NormalTextRun SCXW62433329 BCX8\">Haniffa<\/span><\/p><p><strong>Date :<\/strong> 31st May 2023<\/p><p><span data-contrast=\"auto\">Minconsult\u2019s Power Talk on \u201cAsset Management\u201d was held\u00a0virtually on\u00a0May\u00a031st, with over\u00a0200 attendees\u00a0participating\u00a0via Teams.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Ir. Ts. Hj Mohamed\u00a0Haniffa, our Senior Advisor of Technology\u00a0delivered a presentation on\u00a0Asset Management, covering\u00a0the potential new area of\u00a0business and engineering consultancy that\u00a0are applicable\u00a0to all utilities and asset-based organizations.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p><p><strong>Overview of Presentation<\/strong><\/p><p data-start=\"242\" data-end=\"281\">The paper aims to:<\/p><ul><li data-start=\"437\" data-end=\"638\"><strong data-start=\"437\" data-end=\"498\">Explain the principles and importance of Asset Management<\/strong> \u2014 how it integrates organisational strategy, investment decisions, and operational management to achieve long-term, sustainable outcomes.<\/li><li data-start=\"437\" data-end=\"638\"><strong data-start=\"642\" data-end=\"714\">Demonstrate how Asset Management aligns with international standards<\/strong> (PAS 55 and ISO 55000\/55001) for optimal whole-life management of physical assets.<\/li><li data-start=\"437\" data-end=\"638\"><strong data-start=\"803\" data-end=\"828\">Showcase the benefits<\/strong> of adopting structured AM systems, including improved service delivery, reduced costs, enhanced transparency, risk reduction, and better resource utilisation.<\/li><li data-start=\"437\" data-end=\"638\"><strong data-start=\"993\" data-end=\"1050\">Promote Asset Management as a consultancy opportunity<\/strong> for engineering organisations to support clients \u2014 particularly utilities, infrastructure, and asset-based entities \u2014 in transitioning to data-driven, performance-based, and sustainable asset management practices.<\/li><li data-start=\"437\" data-end=\"638\"><strong data-start=\"1270\" data-end=\"1309\">Highlight implementation frameworks<\/strong> such as life-cycle planning, AM audits, risk-based management, and the roadmap towards ISO 55001 certification.<\/li><li style=\"list-style-type: none;\">\u00a0<\/li><\/ul><p class=\"elementor-heading-title elementor-size-default\">\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e3a6c5a e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"e3a6c5a\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-68e9254 jltma-glass-effect-no elementor-widget elementor-widget-embedpress_pdf\" data-id=\"68e9254\" data-element_type=\"widget\" data-widget_type=\"embedpress_pdf.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t    <div class=\"embedpress-document-embed ep-doc-1ddff62209ee94dadc5ba5b882589716 ose-document emebedpress-unit-percent \" data-thememode=\"default\" data-customcolor=\"\" data-toolbar=\"yes\" data-toolbar-position=\"top\" data-open=\"no\" data-presentation-mode=\"yes\" data-download=\"yes\" data-copy=\"yes\" data-add-image=\"yes\" data-rotate=\"yes\" data-details=\"yes\" data-id=\"embedpress-pdf-68e9254\" data-selection-tool=\"0\" data-scrolling=\"0\" data-spreads=\"-1\" style=\" max-width:100%; display: inline-block\">\n\n        \n                <div >\n\n                    <div id=\"ep-elementor-content-68e9254\" class=\"ep-elementor-content   ep-percentage-width   ep-content-protection-disabled\">\n                        <div id=\"68e9254\" class=\"ep-embed-content-wraper\">\n                            <div><iframe title=\"14 &#8211; Asset Management (1)\" class=\"embedpress-embed-document-pdf embedpress-pdf-68e9254\" style=\"width: 600%!important;height: 600px;; max-width:100%; display: inline-block\" src=\"https:\/\/www.minconsult.com\/micoe\/wp-admin\/admin-ajax.php?action=get_viewer&#038;file=https%3A%2F%2Fwww.minconsult.com%2Fmicoe%2Fwp-content%2Fuploads%2F2025%2F11%2F14-Asset-Management-1.pdf&#038;scrolling=0&#038;selection_tool=0&#038;spreads=-1#key=dGhlbWVNb2RlPWRlZmF1bHQmdG9vbGJhcj10cnVlJnBvc2l0aW9uPXRvcCZwcmVzZW50YXRpb249dHJ1ZSZsYXp5TG9hZD1mYWxzZSZkb3dubG9hZD10cnVlJmNvcHlfdGV4dD10cnVlJmFkZF90ZXh0PXRydWUmZHJhdz10cnVlJmFkZF9pbWFnZT10cnVlJnBkZl9yb3RhdGlvbj10cnVlJnBkZl9kZXRhaWxzPXRydWUmem9vbV9pbj10cnVlJnpvb21fb3V0PXRydWUmZml0X3ZpZXc9dHJ1ZSZib29rbWFyaz10cnVlJnNvdW5kPXRydWUmZmxpcGJvb2tfdG9vbGJhcl9wb3NpdGlvbj1ib3R0b20mc2VsZWN0aW9uX3Rvb2w9MCZzY3JvbGxpbmc9MCZzcHJlYWRzPS0xJmlzX3Byb19hY3RpdmU9MA==&#038;zoom=auto\" class=\"embedpress-embed-document-pdf embedpress-pdf-68e9254\" data-emid=\"embedpress-pdf-68e9254\" data-embed-type=\"PDF\" frameborder=\"0\"><\/iframe><\/div>                        <\/div>\n\n                    <\/div>\n\n\n                   \n                <\/div>\n   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                                 <span class=\"elementskit-meta-wraper\">\n                                        <span><a href=\"https:\/\/www.minconsult.com\/micoe\/category\/webinar\/\" rel=\"category tag\">Webinar<\/a><\/span>\n                                    <\/span>\n                                <\/div>\n                            \n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div><!-- .elementskit-entry-header END -->\n\n\t\t\t\t\t\t<div class=\"elementskit-post-body \">\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h2 class=\"entry-title\">\n\t\t\t\t\t<a href=\"https:\/\/www.minconsult.com\/micoe\/the-malaysian-covid-19-experience\/\">\n\t\t\t\t\t\tThe Malaysian Covid-19 Experience\t\t\t\t\t<\/a>\n\t\t\t\t<\/h2>\n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"post-meta-list\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t                                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href=\"https:\/\/www.minconsult.com\/micoe\/nation-and-corporations-challenging-convention-to-deliver-esg-ambition\/\" class=\"elementskit-entry-thumb\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.minconsult.com\/micoe\/wp-content\/uploads\/2025\/10\/ddg-power-talk-7_66b9b79c3004a.jpg\" alt=\"Nation and Corporations: Challenging Convention to Deliver ESG Ambition\">\n                                <\/a><!-- .elementskit-entry-thumb END -->\n                                                            \n                                                            <div class=\"elementskit-meta-categories\">\n                                    <span class=\"elementskit-meta-wraper\">\n                                        <span><a href=\"https:\/\/www.minconsult.com\/micoe\/category\/minconsult-maestro-lecture-series\/\" rel=\"category tag\">Minconsult Maestro Lecture Series<\/a><\/span>\n                                    <\/span>\n                                <\/div>\n                            \n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div><!-- .elementskit-entry-header END -->\n\n\t\t\t\t\t\t<div class=\"elementskit-post-body \">\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h2 class=\"entry-title\">\n\t\t\t\t\t<a href=\"https:\/\/www.minconsult.com\/micoe\/nation-and-corporations-challenging-convention-to-deliver-esg-ambition\/\">\n\t\t\t\t\t\tNation and Corporations: Challenging Convention&hellip;\t\t\t\t\t<\/a>\n\t\t\t\t<\/h2>\n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"post-meta-list\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t                                                            <div class=\"btn-wraper\">\n                                                                            <a class=\"elementskit-btn whitespace--normal\" id=\"\" href=\"https:\/\/www.minconsult.com\/micoe\/nation-and-corporations-challenging-convention-to-deliver-esg-ambition\/\">\n                                            Read More                                                                                     <\/a>\n                                    \n                                                                    <\/div>\n                                                    <\/div><!-- .elementskit-post-body END -->\n                    <\/div>\n                \n            <\/div>\n                    <div class=\"col-lg-4 col-md-6\">\n\n                                    <div class=\"elementskit-post-image-card\">\n                        <div class=\"elementskit-entry-header\">\n                                                            <a href=\"https:\/\/www.minconsult.com\/micoe\/circular-economy-scheduled-waste-management-for-environmental-sustainability\/\" class=\"elementskit-entry-thumb\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.minconsult.com\/micoe\/wp-content\/uploads\/2025\/10\/power-talk-external-poster-instagram-post.png\" alt=\"Circular Economy: Scheduled Waste Management for Environmental Sustainability\">\n                                <\/a><!-- .elementskit-entry-thumb END -->\n                                                            \n                                                            <div class=\"elementskit-meta-categories\">\n                                    <span class=\"elementskit-meta-wraper\">\n                                        <span><a href=\"https:\/\/www.minconsult.com\/micoe\/category\/minconsult-maestro-lecture-series\/\" rel=\"category tag\">Minconsult Maestro Lecture Series<\/a><\/span>\n                                    <\/span>\n                                <\/div>\n                            \n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div><!-- .elementskit-entry-header END -->\n\n\t\t\t\t\t\t<div class=\"elementskit-post-body \">\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h2 class=\"entry-title\">\n\t\t\t\t\t<a href=\"https:\/\/www.minconsult.com\/micoe\/circular-economy-scheduled-waste-management-for-environmental-sustainability\/\">\n\t\t\t\t\t\tCircular Economy: Scheduled Waste Management&hellip;\t\t\t\t\t<\/a>\n\t\t\t\t<\/h2>\n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"post-meta-list\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t                                                            <div class=\"btn-wraper\">\n                                                                            <a class=\"elementskit-btn whitespace--normal\" id=\"\" href=\"https:\/\/www.minconsult.com\/micoe\/circular-economy-scheduled-waste-management-for-environmental-sustainability\/\">\n                                            Read More                                                                                     <\/a>\n                                    \n                                                                    <\/div>\n                                                    <\/div><!-- .elementskit-post-body END -->\n                    <\/div>\n                \n            <\/div>\n                <\/div>\n       <\/div>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Minconsult\u2019s Power Talk on \u201cAsset Management\u201d was held\u00a0virtually on\u00a0May\u00a031st, with over\u00a0200 attendees\u00a0participating\u00a0via Teams.\u00a0<\/p>\n<p>Ir. Ts. Hj Mohamed\u00a0Haniffa, our Senior Advisor of Technology\u00a0delivered a presentation on\u00a0Asset Management, covering\u00a0the potential new area of\u00a0business and engineering consultancy that\u00a0are applicable\u00a0to all utilities and asset-based organizations.\u00a0<\/p>\n","protected":false},"author":2,"featured_media":990,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-minconsult-power-talk-series"],"_links":{"self":[{"href":"https:\/\/www.minconsult.com\/micoe\/wp-json\/wp\/v2\/posts\/987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.minconsult.com\/micoe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.minconsult.com\/micoe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.minconsult.com\/micoe\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.minconsult.com\/micoe\/wp-json\/wp\/v2\/comments?post=987"}],"version-history":[{"count":8,"href":"https:\/\/www.minconsult.com\/micoe\/wp-json\/wp\/v2\/posts\/987\/revisions"}],"predecessor-version":[{"id":1066,"href":"https:\/\/www.minconsult.com\/micoe\/wp-json\/wp\/v2\/posts\/987\/revisions\/1066"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.minconsult.com\/micoe\/wp-json\/wp\/v2\/media\/990"}],"wp:attachment":[{"href":"https:\/\/www.minconsult.com\/micoe\/wp-json\/wp\/v2\/media?parent=987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.minconsult.com\/micoe\/wp-json\/wp\/v2\/categories?post=987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.minconsult.com\/micoe\/wp-json\/wp\/v2\/tags?post=987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}