virtual data rooms for strategic document control
By implementing a strategic approach for long-term maintenance and operational planning asset management will better align physical assets with the organization’s overall business goals. Instead of relying on available budgets or guessing about the future requirements strategic asset management allows decision makers to make use of condition data and to balance the requirements of service level with budgetary goals for sustainable infrastructure and facilities.
The key ingredient in this strategy is a cohesive team with a shared vision. The people who maintain and operate your assets are a vital part of the process, as they are familiar with the equipment inside and out. They can offer valuable insight on how to improve your processes and procedures and have a significant impact on the overall asset management plan. This will help ensure that everyone is on board, and ensure that everyone is on the same page when developing your strategy.
A sound strategic asset management strategy starts by identifying and cataloguing every asset you own, together with their locations, and their condition. This helps you determine your most valuable assets and make a list of the maintenance priorities. This information can be used for other initiatives like streamlining work orders, and maximizing uptime.
Another essential piece is assessing the impact of asset management decisions on your community. This includes weighing immediate costs and benefits against the long-term savings and benefits, and analysing their impact on the environment.