ISSN 2394-5125
 

Research Article 


"Implementation of the Assurance Management System for Critical Asset; Predictors of Global Industry Performance"

Joseph A. Tubil, Alexander S. Acosta, Imee C. Acosta,Ivy Corazon Mangaya-ay, Mary Jane Alvero, Eduardo P. Malagapo.

Abstract
Today, several industries in the region have adopted an innovative approach to critical asset assurance management implementation to maximize their performance at lower operating costs. This research attempt identifies related factors that influence the selected global industry's performance by implementing the critical asset assurance management system in the United Arab Emirates. By utilizing quantitative analysis, survey questionnaires were administered, and data were collected from 102 respondents from different industry practitioners. Results have been analyzed by descriptive, frequency, correlation, and regression using the Statistical Package for the Social Sciences (SPSS V21x64) and R-software software. The findings revealed that there is empirical evidence that most of the company has experienced a high level of implementation of the assurance management system within the organization. Furthermore, most of the employees have college degrees with more than 16 years of experience in the industry, which indicated that organizations were more likely to hire educated and well-experienced employees in the field. Relatively, more than half of the convincing reasons for an organization to improve its performance level contributed by the Implementation of Integrated Maintenance Management System (IMMS). Therefore, the higher the implementation of the Integrated Maintenance Management System within the organization, the higher the performance score. For a sustainable implementation of the assurance management system, it is recommended that organizations should adopt the structured approach found in this study as their guidance and best practices in the organization through the Assurance Management System for Critical Asset Framework (AMSCAF). Thus, hiring the right talent promoting competitive advantages is significant to organizational growth. Finally, top management commitment to enhancing the Asset Management Policy is required to successfully implement the Integrated Maintenance Management System that successfully improves organizational performance in compliance with regulation and international standards.

Key words: Assurance Management System, Performance, Critical Assets, Global Industry, Predictors.


 
ARTICLE TOOLS
Abstract
PDF Fulltext
How to cite this articleHow to cite this article
Citation Tools
Related Records
 Articles by Joseph A. Tubil
Articles by Alexander S. Acosta
Articles by Imee C. Acosta
Articles by Ivy Corazon Mangaya-ay
Articles by Mary Jane Alvero
Articles by Eduardo P. Malagapo
on Google
on Google Scholar


How to Cite this Article
Pubmed Style

Joseph A. Tubil, Alexander S. Acosta, Imee C. Acosta,Ivy Corazon Mangaya-ay, Mary Jane Alvero, Eduardo P. Malagapo. "Implementation of the Assurance Management System for Critical Asset; Predictors of Global Industry Performance". JCR. 2021; 8(2): 399-413. doi:10.31838/jcr.08.02.45


Web Style

Joseph A. Tubil, Alexander S. Acosta, Imee C. Acosta,Ivy Corazon Mangaya-ay, Mary Jane Alvero, Eduardo P. Malagapo. "Implementation of the Assurance Management System for Critical Asset; Predictors of Global Industry Performance". http://www.jcreview.com/?mno=72314 [Access: April 17, 2021]. doi:10.31838/jcr.08.02.45


AMA (American Medical Association) Style

Joseph A. Tubil, Alexander S. Acosta, Imee C. Acosta,Ivy Corazon Mangaya-ay, Mary Jane Alvero, Eduardo P. Malagapo. "Implementation of the Assurance Management System for Critical Asset; Predictors of Global Industry Performance". JCR. 2021; 8(2): 399-413. doi:10.31838/jcr.08.02.45



Vancouver/ICMJE Style

Joseph A. Tubil, Alexander S. Acosta, Imee C. Acosta,Ivy Corazon Mangaya-ay, Mary Jane Alvero, Eduardo P. Malagapo. "Implementation of the Assurance Management System for Critical Asset; Predictors of Global Industry Performance". JCR. (2021), [cited April 17, 2021]; 8(2): 399-413. doi:10.31838/jcr.08.02.45



Harvard Style

Joseph A. Tubil, Alexander S. Acosta, Imee C. Acosta,Ivy Corazon Mangaya-ay, Mary Jane Alvero, Eduardo P. Malagapo (2021) "Implementation of the Assurance Management System for Critical Asset; Predictors of Global Industry Performance". JCR, 8 (2), 399-413. doi:10.31838/jcr.08.02.45



Turabian Style

Joseph A. Tubil, Alexander S. Acosta, Imee C. Acosta,Ivy Corazon Mangaya-ay, Mary Jane Alvero, Eduardo P. Malagapo. 2021. "Implementation of the Assurance Management System for Critical Asset; Predictors of Global Industry Performance". Journal of Critical Reviews, 8 (2), 399-413. doi:10.31838/jcr.08.02.45



Chicago Style

Joseph A. Tubil, Alexander S. Acosta, Imee C. Acosta,Ivy Corazon Mangaya-ay, Mary Jane Alvero, Eduardo P. Malagapo. ""Implementation of the Assurance Management System for Critical Asset; Predictors of Global Industry Performance"." Journal of Critical Reviews 8 (2021), 399-413. doi:10.31838/jcr.08.02.45



MLA (The Modern Language Association) Style

Joseph A. Tubil, Alexander S. Acosta, Imee C. Acosta,Ivy Corazon Mangaya-ay, Mary Jane Alvero, Eduardo P. Malagapo. ""Implementation of the Assurance Management System for Critical Asset; Predictors of Global Industry Performance"." Journal of Critical Reviews 8.2 (2021), 399-413. Print. doi:10.31838/jcr.08.02.45



APA (American Psychological Association) Style

Joseph A. Tubil, Alexander S. Acosta, Imee C. Acosta,Ivy Corazon Mangaya-ay, Mary Jane Alvero, Eduardo P. Malagapo (2021) "Implementation of the Assurance Management System for Critical Asset; Predictors of Global Industry Performance". Journal of Critical Reviews, 8 (2), 399-413. doi:10.31838/jcr.08.02.45