The achievement of your organization’s goals requires an understanding of your assets and how they function together. Strategic asset management provides a framework that allows for consistent, repeatable and transparent action based on a thorough analysis of benefits, costs, and risks throughout the lifecycle of physical assets. Determine functional interdependencies to prioritize preventive maintenance, and cut down on unplanned downtime and costly repairs. Maximize the value of your investment by determining an optimal balance of performance, cost and risk across your entire infrastructure portfolio.
The strategic asset management process is a comprehensive and elaborate set of documents processes and digital tools that align physical infrastructure investments with the overall strategic goals of the organization. It starts with a thorough review from top-down of long-term investments for physical infrastructure. This involves balancing capital expenditures and operational expenses from a TOTEX perspective, leveraging asset conditions data, and taking the current levels of service and local needs into account.
With the right information it can help in planning staffing and resource management for ongoing maintenance and operation of assets as well as upgrade or replacement board management software role plans. It can help streamline your work orders which will reduce downtime and improve the efficiency of your operation team.
The method can be used to develop a plan that maximizes asset utilization in order to achieve sustainability goals. This can be accomplished through strategies like load balancing and asset sharing. It could also involve the implementation of new or reevaluating contracts with suppliers or contractors to improve environmental and energy performance.
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