Peter R. Orszag, previously director of the Office of Management and Budget, writes an article for Bloomberg View in which he states that governments across the world have an estimated $75 trillion worth of commercial assets -- roughly 50 percent more than the $54 trillion in global public debt -- and these assets are typically quite poorly managed.  Further, he states "the returns from better management would be enormous. A 2 percentage-point increase in the return on public commercial assets w...

The Asset Leadership Network has developed a Draft Executive Order for submission and consideration by the President to adopt the principles inherent to ISO 55000 and establish the policy that Federal agencies use a common system for asset management.  The outcome is that federal government organizations will manage and utilize assets in an efficient, effective and economical manner while achieving their organizational missions and the collective objectives of the Executive Branch in an accounta...

Jack Dempsey,  who currently serves the ALN as Chief Technical Officer, wrote an Op-Ed for the ENR Future Tech Newsletter on October 28, 2014.  ENR (Engineering News Record) is the most prominent periodical for the construction industry.  ENR Future Tech Newsletter has a readership of approximately 75,000 professionals.  In the Op-Ed, Jack ties together the the need for asset management practices as embodied in ISO 55000 Asset Management Standards, the Asset Leadership Network, and the Draft Exe...

The New York Times reports the Office of Personnel Management did not possess an inventory of all the computer servers and devices with access to its networks, and did not require anyone gaining access to information from the outside to use the kind of basic authentication techniques that most Americans use for online banking. How can this happen? Now I'm sure the Equipment Control Matrix (ECM) needs to be updated to be the Asset Control Matrix (ACM) - ASTM E2608. And even more sure that ISO ...