To accomplish the goals of your organization, you need to be aware of the assets within your organization and how they interact. Strategic asset management is a process that allows for transparent, consistent and repeatable decision-making that is based on a thorough assessment of the costs, benefits and risks of physical assets throughout their life-cycle. Recognize functional interdependencies and prioritize preventive maintenance and reduce unplanned downtime and costly repairs. Maximize the value of your investment by determining the best combination of efficiency and cost across your entire infrastructure.
The process of strategic asset management is a complete and https://thekey-partners.com/what-is-a-board-management-software/ detailed suite of documents, processes and digital tools that align physical infrastructure investments with the overarching strategic goals of the organization. It starts with a thorough top-down review of the long-term potential for physical infrastructure investment options. This involves balancing capital expenditures and operational expenses from a TOTEX perspective using asset condition data and taking the current level of service and local needs into consideration.
With the right information, the process can also help in planning staffing and resource management to ensure ongoing maintenance and operation of assets, as well as upgrade and replacement plans. It is also a great way to simplify work orders, which can help in cutting down time and increasing the efficiency of your operation team.
In the end, the process is a good way to establish a plan for achieving sustainable goals by optimizing the utilization of assets. This can be achieved through load shifting, asset sharing or redeployment strategies. It could also require implementing new contracts or reviewing current ones with suppliers or contractors to improve the performance of energy and environmental.
Leave a Reply