The academic sector, like any other service or industrial sector, requires constant innovation in each of its processes. In Colombia, the Universidad EAFIT, as part of the search for new ways of teaching and learning, has recognized the significance of making learning spaces suitable for the people involved in this process. In consequence, the project described in this chapter shows the most efficient methodology for the optimization of asset management for the Universidad EAFIT's Ice Water Plant. The methodologies used include key concepts and factors such as availability, maintainability, and reliability in the costs related to the behavior and nature of the failures, having as reference an integral model of the maintenance management process. The objective of this project is to maintain these high standards of operation and maintenance throughout the useful life of the system and to show the importance that maintenance and the methodologies associated with it have in any sector or industry.