Aging Asset Management: The Case of Royal Malaysian Navy

This study conducted in the Royal Malaysian Navy that owns the aging asset. It aimed at investing the strategies to prolong the asset life cycle which improved the asset performance. This study was driven since inadequate findings in the literature concerning on aging asset management. Due to this insufficiency, a new research stream was proposed to address the gap by investigating the strategies that may better explain aging asset management. This study has explored many asset management framework such as Asset Related Activities, Asset Management, Asset Life Cycle and Capabilities Enhancement Life Cycle Model in identifying the element in developing Aging Asset Management Framework. 29 research participants consists of the Subject Matter Expert and the employees who involved directly in managing aging asset were interviewed. Data from the interview and the related documents were analysed by using the content analysis technique before it was cross-analysed to determine the pattern. From this study, it was found that the current asset management model was not incorporate with aging asset issues. Hence, this study offers an aging asset management framework and activities model in every stage of asset life.