To reach your organization’s goals it is essential to have a clear understanding of the assets in your organization and how they interact. Strategic asset management is a method that enables transparent decisions that are consistent and repeatable by analyzing the costs, benefits and dangers of physical assets over their life span. Identify functional dependencies to prioritize maintenance that is scheduled and preventive, and reduce the amount of unplanned downtime. Maximize the value of your investment by determining an optimal mix of cost, performance, and risk across your entire infrastructure portfolio.
The strategic asset management process is a comprehensive and progressively detailed suite of documents, processes, and digital tools that align physical infrastructure Read More Here https://thekey-partners.com/strategies-for-efficiently-managing-your-real-estate-projects/ investments with overarching organizational strategic objectives. It begins with an in-depth analysis of top-down investments for physical infrastructure. This includes balancing capital costs and operational expenses from a TOTEX viewpoint and leveraging data on asset conditions, and taking current service levels and local needs into account.
The process can also be used to inform the planning of resources, staffing, and upgrade or replacement plans using the right data. It is also a great way to streamline work orders, cutting down time and increasing the efficiency of your operation team.
The process can also be used to design an asset plan that maximizes utilization to meet sustainability goals. This can be achieved through load shifting, asset sharing or redeployment strategies. It may also include the implementation of new or reevaluating contracts with suppliers or contractors to improve environmental and energy performance.
