Basic Description
Workforce Management identifies the organizational makeup, skills, and supervision necessary to ensure asset reliability.
Workforce management (WFM) is a crucial element within the broader framework of asset management. While asset management traditionally focuses on the physical, financial, and intangible assets of an organization, the human workforce is a critical asset that drives the performance, maintenance, and optimization of all other assets. ISO 55000 provides a comprehensive approach to asset management, emphasizing the need for a systematic and coordinated activity to realize value from assets. The workforce is integral to this process, and its management is essential for achieving organizational goals, optimizing asset performance, and ensuring long-term sustainability.
This section will explore the role of workforce management within the context of asset management, focusing on how workforce planning, training, performance measurement, and optimization contribute to the overall success of asset management strategies. By effectively managing the workforce, organizations can ensure that their human capital aligns with the maintenance, operation, and development of physical assets, thereby maximizing the value of both.