The role of contingency factors in physical asset management: An empirical examination

This research presents an empirical study, which examines the role of contingency factors, i.e. uncertainty and competitiveness in relation to physical asset management (PAM) practices. The research is based on a premise that PAM, which comprises of risk management practices, performance assessment practices, life cycle management practices, policy & strategy practices, has become an indispensable element of strategic thinking of asset owners as well as maintenance and asset managers. The purpose of this study is to advance the understanding of how organizations that face high or low level of uncertainty and competitiveness respond in terms of PAM deployment.