The possible influence of risk management, forecasting, and personnel training in physical asset management

CITATION: Schoeman, J. S. & Vlok, P. J. 2014. The possible influence of risk management, forecasting, and personnel training in physical asset management. South African Journal of Industrial Engineering, 25(2):96-104, doi:10.7166/25-2-740.The original publication is available at http://sajie.journals.ac.zaThe work presented in this paper highlights the possible effects of risk management, forecasting, and personnel training in the physical asset management environment. Each section is taken separately, and an argument is formed as to why it is important and what portion of the physical asset management five-year budget each should receive. This paper considers the long-term and short-term benefits in its conclusion that risk management should receive 60 per cent of the budget, personnel training 25 per cent, and forecasting the final 15 per cent.Hierdie studie beklemtoon die moontlike effekte wat risiko bestuur, voorspelling van voorvalle, en die opleiding van personeel kan hê binne die fisiese bate bestuur omgewing. Die afdelings word elk apart bespreek, en ’n argument word gevorm om te sê waarom die afdeling belangrik is en watter bedrag van ’n maatskappy se vyf- jaar begroting elk moet ontvang. Die finale besluit was dat risiko ’n totaal van 60 persent van die begroting moet ontvang omdat dit so ’n breë afdeling is, die opleiding van personeel vereis 25 persent, en die voorspelling van gebeure die laaste 15 persent.http://sajie.journals.ac.za/pub/article/view/740Publisher's versio