The organization responsible for the ownership, operation and overall management of an asset or facility.
An Owner/Operator is the organization responsible for the ownership, operational control and overall management of an asset, facility or infrastructure throughout its lifecycle. The Owner/Operator establishes performance objectives, manages risks, ensures regulatory compliance and oversees maintenance, inspection and improvement activities, whether performed internally or by contracted service providers.
The Owner/Operator is accountable for the safe, reliable and compliant operation of assets throughout their lifecycle.
The Owner/Operator retains overall accountability for asset performance and regulatory compliance even when engineering, operations or maintenance activities are performed by external contractors or service providers.
The Owner/Operator has overall responsibility for asset performance and compliance, whereas Original Equipment Manufacturers supply and support the equipment used within the facility.
Asset Management; Operations; Business Management.
Oil and gas.; Petrochemical.; Utilities.; Infrastructure.; Manufacturing.
ISO 55000
VisualAIM connects glossary concepts to the asset records, inspection histories, and workflows they describe.