With a strategic approach to long-term maintenance and planning for operations asset management will better align physical assets with an organization’s broad business goals. Rather than relying on available budgets or estimating the future requirements strategic asset management allows decision makers to use data on condition and to balance the requirements of service level with budgetary goals to sustain facilities and infrastructure.
The most important element in this approach is a strong team with a united vision. The people who maintain and manage your assets are a crucial part of the process because they know the equipment inside out. They can provide valuable insights into the ways to improve procedures and processes, which can have significant improvements to your asset management plan. This will help ensure that there is buy-in and ensure that everyone is on the same page when creating your strategy.
A well-thought-out strategic asset management plan begins with the identification of all your assets and recording them, along with their location and state. This will help you identify the most important assets to you and prioritize their maintenance. This information can be used to develop additional initiatives like streamlining work orders and maximising uptime.
Assessing the impact of asset-management decisions on your community is https://thekey-partners.com/what-is-a-board-management-software/ an crucial aspect. This involves weighing immediate costs against the long-term benefits and savings and assessing the impact on the environment.
