Strategic Asset Management – A Framework For Consistent, Repeatable, and Transparent Decision-Making

To achieve your organization’s objectives it is essential to have a clear understanding of the assets in your organization and how they interact. Strategic asset management is a method that enables transparent, consistent and repeatable decision-making based on an assessment of the costs, benefits and risks of physical assets throughout their life-cycle. Identify functional interdependencies to prioritize preventive maintenance and decrease unnecessary downtime and costly repairs. Maximize your ROI by determining the best combination of performance and cost across your entire infrastructure.

The strategic asset management is a suite of digital tools, documents and processes that are thorough and thorough. It ensures that investments in infrastructure are aligned with the organization’s strategic objectives. It begins with a thorough review of the top-down investment options for physical infrastructure. This involves balancing capital and operational expenditures from a total expense (TOTEX) viewpoint, taking advantage of asset condition data, and considering secure data room strategies for M&A the current level of service and community requirements.

The process can also be used to inform staffing, resource planning, and upgrades or replacement plans by using the right data. It is also a great way to streamline work orders, decreasing downtime and improving the efficiency of your operation team.

Finally, the process can be used to establish a plan for achieving sustainability goals by maximising asset utilization. This can be achieved through load balancing, asset sharing or redeployment strategies. It may also involve implementing new contracts or reviewing current ones with suppliers or contractors in order to enhance the environmental and energy performance.