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

To accomplish the goals of your organization It is imperative to have a clear understanding of the assets within your company and how they interact. Strategic asset management provides a framework for consistent, repeatable and transparent decisions and actions based on a thorough assessment of the benefits, costs, and risks throughout the life cycle of physical assets. Recognize functional interdependencies and prioritize preventive maintenance and reduce unplanned downtime and costly repairs. Maximize your ROI by determining the optimal combination of https://agecheckstandard.com fortifying network security in the digital economy performance and costs across your entire infrastructure.

The strategic asset management process is a series of digital tools, documents, and processes that are thorough and thorough. It aligns physical infrastructure investments to the company’s strategic goals. It starts with a thorough and top-down analysis of long-term physical infrastructure investment options. This involves balancing capital and operational expenses from a total cost (TOTEX) standpoint, using data on asset condition, and taking into account the current level of service and community needs.

With the right information this process can inform staffing and resource planning to ensure ongoing maintenance and operation of assets, as well as upgrade and replacement plans. It can also be used to streamline work orders, cutting down time and increasing the efficiency of your operations team.

Finally, the process can be used to establish an action plan to achieve sustainable goals by optimizing the utilization of assets. This can be accomplished through load balancing, asset sharing or redeployment strategies. It could also require implementing new contracts or revising current ones with suppliers or contractors to improve the efficiency of energy and environmental performance.