Systems Engineering

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Version 1, January 2024

Systems Engineering can be used to provide auditable line-of-sight from the corporate and organisational goals to the Asset Management decisions. It can also be used to structure and frame the requirements of the tangible and non-tangible assets to foster innovation, and effective delivery without over commitment.

Systems Engineering has a broad scope, with multiple interpretations across multiple sectors. This document has been authored assuming that the reader will look for better ways to manage the requirements associated with new, conceptual or existing assets. The group developing this document considers lifecycle as a central component of this document, for this reason, the document focuses on all phases of the asset lifecycle. An organisation will always spend more time and money if they don’t have the right assets in the first place. Thus, the initial stages in the lifecycle are important, especially the definition of the requirements the chosen asset must satisfy to select the right solution.