The Level of Influence of the Relationship Between Six Non-Formal Factors and Six IAM Subject Groups in the Implementation of Asset Management in PT PLN Group

Introduction: Many companies, including PT PLN Group, use asset management to help manage their assets to achieve stable, effective, and efficient company performance. In the concept model introduced by IAM, companies are introduced to six subject groups that are important factors in asset management (AM) implementationMethods: This study used the PLS-SEM test to measure the level of influence and relationship of six non-formal factors and six groups of IAM subjects with the implementation of AM.Results: The results obtained were that six non-formal factors significantly impacted the six groups of IAM subjects. Six non-formal factors and six IAM subject groups were proven to influence the implementation of AM significantly and positively. The acceptance of this hypothesis is supported by several field practices that PT PLN Group has carried out to support the success of AM.Conclusions: The analysis results show that the transfer of knowledge and competence of human resources in 6 non-formal factors significantly influence the implementation of AM in PT PLN Group. Organizational culture and life cycle delivery factors of the Company in six IAM subject groups have the most dominant influence on the success of AM in PT PLN Group. The optimal implementation of AM at PT PLN Group can increase the nation's competitiveness by providing comprehensive and equitable electrical energy to the people of Indonesia.