This paper describes a theory developed through efforts to improve the effectiveness of Asset Management for Small and Medium Enterprise's (SMEs) as well as a desire to improve the Asset Management of the authors own organization. The idea, however, comes from a need to expand the service portfolio offered by said organization. Services within some aspects of Asset Management were a natural extension of the existing service lines of the organization within Safety, Process Safety and Risk Management. As part of the Asset Management business plan, one of the focus areas was identified as SMEs, being a market with potential.
