Provide a framework for developing asset management objectives through statements of principle rather than details see clause 5. Strategic asset management plan the town of oakville. Asset management plan structure from the international infrastructure management manual1. Jan 22, 2019 building an asset management policy can be a big task, so the payoff has to be worth all the work.
A transit asset management plan tam plan is a strategic and systematic planning tool to manage transit capital assets based on careful planning and improved decisionmaking and is required of all. Developing and maintaining a strategic asset management plan samp pdf. The strategic asset management plan is a key corporate strategic tool which sets out the london borough of barnets property objectives, focussing on how the council intends to utilise its asset base. A strategic asset management plan samp will optimize value by making appropriate tradeoffs between risk, cost. It is the culmination of a great deal of research, consultation and development by staff of the asset management group. Strategic facilities planning enables the built environment to support cwus mission. One simple definition we have for asset managementis thinking of it as a process for maintaining a desired level of customer service at the best appropriate cost. When we define strategic management for our customers, we define it as the. Creating an asset management policy eliminates any ambiguity or gaps in asset knowledge. The councils asset management strategy sets the strategic framework within which the corporate real estate portfolio will. In michigan, the term asset management is commonly used in relation to the management of. Fleet asset management strategy plan fy 20 through fy 2022. John woodhouse, twpls ceo, fellow and chair of the panel of experts for the institute of asset management iam has.
One simple definition we have for asset managementis thinking of it as a process for maintaining. See councils strategic management plan for these details. Overview this publication provides practical advice for the development of a. Provide strategic asset management guidance to the agencies who are the responsible stewards for the state government s building assets. Asset management planning consists of developing a plan to reduce costs while increasing the efficiency and the reliability of the assets. Standard practice for physical inventory of durable, moveable asset, to the. Developing a strategic asset management plan implementing iso 55000. In this 2day private workshop, participants will use the asset management policy created in the iso 55000 for leaders. Jun 09, 2017 strategic asset management plan samp scope. It also states the need for an am strategy which defines the strategic. Strategic asset management plan march 2016 5 the strategic asset management approach will be guided by the principles of and openness collaboration, which are reflected in many of the recommendations outlined in this plan.
Activities associated with maximizing the value of an asset. Asset management strategy a fiveyear plan 2018 2023 25 april 2018 final. An asset management plan defines the activities that will be implemented and the resources that will be applied to meet the asset management objectives and consequently the organizational objectives. Asset maintenance plan asset or property management planning refers to the providers processes for ensuring properties are well maintained as well as the providers business and strategic goals in relation to its property portfolio. Expectations of asset management goodbest practice from. Strategic asset management plan woodhouse partnership. How to develop a strategic asse t management plan objectives of the course this seminar provides a thorough overview of how to develop a strategic asset management plan samp. A chess grandmaster is thinking ahead five moves and carefully leveraging the value of each piece. Asset management plans shall identify activities to be undertaken, with consideration of the full lifecycle of assets, for at least the ten years following the preparation of that plan or update. Strategic asset management plan or asset management plan.
Asset management plan guidance and template version 1. Developing and maintaining a strategic asset management plan samp pdf overview this publication provides practical advice for the development of a strategic asset management plan samp. Therefore, the objective of this fleet asset management strategy plan is to identify past, currentfuture operations and maintenance practices focusing on the strategic processes. Developing and maintaining a strategic asset management. It explains the process of strategic planning and how this applies to. This article discusses how we think a good strategic asset management plan should look like.
The strategic asset management framework samf establishes highlevel strategic objectives desired business outcomes for the development and management of the universitys physical environment. Policy statement security management is an important enough topic that developing a policy statement, and publishing it with the program, is a. The aim of the strategic asset management plan samp is to set out the councils vision, aspirations and objectives. John woodhouse, twpls ceo, fellow and chair of the panel of experts for the institute of asset management iam has authored and twpl has sponsored, the development of the strategic asset management plan samp. The terms strategic asset management plan samp and asset management plan amp are often used as synonyms, which can create some confusion. It also states the need for an am strategy which defines the strategic initiatives required to achieve. This strategic asset management plan samp is an essential component of an. Purpose of the document overall strategy statement list of objectives overview of scope of the asset management system overview of how the samp was developed how often the document will be updated responsibilities. A policy and procedure manual that sets out the organisations processes for administering its asset. Use asset management to manage the agencys physical infrastructure, drive the budget development process, and support the agencys strategic plan. John woodhouse, twpls ceo, fellow and chair of the panel of experts for the institute of asset management iam has authored and twpl has sponsored, the development of a new guide developing and maintaining. In addition, it describes the approach the organization takes to comply with these asset management objectives. Building an asset management policy can be a big task, so the payoff has to be worth all the work. A tam plan uses transit asset condition to guide how to manage.
Council has developed its organisational objectives to focus its services on the communities it serves. Developing and maintaining a strategic asset management plan samp was therefore produced to provide a planning tool for putting together a samp. An asset management plan is a strategic planning document that will sit alongside. Implementing iso 55000 part 4 developing a strategic asset management plan assetivity april 16, 2020, 8. Provide agencies a guiding framework for developing their own asset management practices that are appropriate to them and align with a recognised best practice approach, being iso55001. Jun 16, 2016 the terms strategic asset management plan samp and asset management plan amp are often used as synonyms, which can create some confusion. The aim of the strategic asset management plan samp is to set out the councils vision, aspirations and objectives for its land and property assets portfolio, and to outline a five year. This is a topdown function of setting a performance specification for each major operating unit, identifying the critical components of performance, and systematically improving the key. Facilities infrastructure operations and maintenance.
For example water supply interruptions and sewage overflows. Facilities need to be aligned to the mission of the university through the facilities master plan. How to develop a strategic asse t management plan objectives of the course this seminar provides a thorough overview of how to develop a strategic asset management plan samp an essential part of any asset management system. Local agency guidelines for developing an asset management. Asset management is more like chess than like checkers.
It applies to noncurrent assets physical and intangible controlled by agencies. Strategic asset management plan march 2016 5 the strategic asset management approach will be guided by the principles of and openness collaboration, which are reflected in many of the. This dictated the need for improvements in managing and maintaining a sizeable fleet of vehiclesequipment and facility enhancements. Lowest life cycle cost refers to the best appropriate cost for rehabilitating, repairing or replacing an asset.
Council owns, operates, and maintains assets valued at. John woodhouse, twpls ceo, fellow and chair of the panel of experts for the institute of asset management iam has authored and twpl has sponsored, the development of a new guide developing and maintaining a strategic asset management plan samp. Asset management is implemented through an asset management program and typically. The product of the scr and the pcr is the businesscriticality ranking bcr. The infrastructure and asset management plan template is developed from appendix a. When we define strategic management for our customers, we define it as the collection of goals, objectives, strategies and tactics that organizations use to coordinate and align resources and actions with the mission, values and vision of the company. Figure 21 shows a highlevel, best practice model ams from the institute of asset. Asset management is a process to manage demand and guide acquisition, use and disposal of assets to make the most of their service delivery potential, and manage risks and costs over their entire life. Section 3 is a description of the progress of the asset management program including strategic decisions that have already been implemented. The plan must include an assessment of current facilities and their use along with an analysis of trends facing the campus. Provide agencies a guiding framework for developing their own. Developing an asset management strategy, policy and plans. Strategic asset management plan 2017 documents city of ottawa.
The estates investment portfolio has increased in size since the last asset management strategy was written 5 years ago and now contributes in the. This article discusses how we think a good strategic asset management plan should look like and to help you develop a samp for your organisation, download our free samp template. From a pure process perspective, asset definition and selection is most likely an outcome of the strategic asset management plan and the establishment of asset. Asset management is a process for maintaining a desired level of customer service at the best appropriate cost. Strategic asset management plan london borough of barnet. Developing asset management plans life cycle engineering. Demonstrate the commitment that assets will be maintained such that the. Outcomes of the cquniversity strategic asset management plan.
Fmds role in developing and maintaining the ellensburg campus helps cwu bolster student success. Develop consistent approach to creatingmanaging data. In addition, they will document key assumptions made within the plan. Developing an asset management strategy reliabilityweb.
Fundamentals of asset management the enterprise asset management planasset system summary 1. Local government association of south australia sustainable asset management in sa guidelines. Strategic asset management plan alignment to the asset. The strategic asset management framework applies to all physical assets or groups of assets controlled by the public sector. And that is where the strategic advantage lies in asset management. Describes the current and predicted operating environment for icon water in order to provide context for the subsequent sections and to provide a. This section provides an overview of the strategic asset management plan samp including. The asset management plans amps are the portland water bureaus best efforts to create strategies. This guide is intended to be a valuable reference for public. This document is the citys first consolidated strategic asset management plan samp. Buy developing and maintaining a strategic asset management plan samp the samp guidance publication is available to purchase as a pdf or printed publication, with a 50% discount for iam members. To compute the productioncriticality ranking pcr, rank the assets effect on the subsystem on a scale of one to ten. Asset management plans are to be updated at no longer than 4 year intervals.
Developing and implementing a strategic asset management plan will allow for a detailed understanding of what physical assets are currently held, their value, future value, and costs associated with maintaining. Strategic 2014 asset management plan modern mindset. This facilities asset management plan has been developed to align with both tasnetworks asset management policy and strategic objectives for the company. Section 2 describes the development of the asset management program at the bureau. Asset management guidance and best practices managing utility assets in new jersey introduction the njdep is responsible for evaluating, managing and protecting new jersey s water resources to ensure that a safe, adequate, and reliable water supply is available to the public and to restore, enhance. Several initial action steps have been undertaken and others have been identified for prospective implementation. Development of a strategic asset management master plan to address organization. Strategic asset management plan 7 draft part 1 strategic context the london borough of barnet lbb holds property to sustain and support its corporate objectives as set out in the corporate plan, and other strategies.
A transit asset management plan tam plan is a strategic and systematic planning tool to manage transit capital assets based on careful planning and improved decisionmaking and is required of all providers by the federal transit administration fta. Fortunately, there are lots of potential benefits that come from creating these guidelines. Asset management is maintaining a desired level of service for what you want your assets to provide at the lowest life cycle cost. Strategic asset management plan samp a guidance document for employees that summarizes and outlines action items toward. Strategic asset management plan samp a strategic asset management plan samp is a document that specifies how the organizational objectives are to be converted into asset management objectives. Local agency guidelines for developing an asset management plan and process. The strategic asset management framework samf is a guide for managing south australian government buildings and establishes a flexible and nonprescriptive guidance to agencies to assist in the appropriate management of their building asset portfolios. Icon water owns, plans for, operates and maintains a network of dams, water treatment. Strategic asset management plan 2019 mackay regional council. Describes the current and predicted operating environment for icon water in order to provide context for the subsequent sections and to provide a line of sight from the corporate strategies to the asset management objectives amos and demonstrate alignment withother organisational strategies. Developing an asset management strategy strategic asset management involves managing the capital investment towards a longterm program of increasing the roa.
Asset management strategy 2018 2023 asset management strategy 1 version 4. The city has developed a servicedbased strategic asset management plan servsamp. Anything that provides value, or potential value the assets referred to in this plan are the physical infrastructure, vehicles, and equipment that the department is charged with managing. The core infrastructure and asset management plan is based on maintaining. Strategic asset management plan 2005 3 foreword the publication of the strategic asset management plan samp fulfils an important departmental commitment. Asset management program the plan, processes, and technology that work together to assist the employees of a utility with implementing defined strategies for managing their assets. Strategic asset management plan asset management plan asset management objectives asset management initiatives references document references used in the samp. Developing a strategic asset management plan assetivity.
In this 2day private workshop, participants will use the asset management policy created in the iso 55000 for leaders workshop to build the strategic asset management plan samp and the project plan for creating the underlying asset management plans. A strategic asset management plan samp is a document that specifies how the organizational objectives are to be converted into asset management objectives. The asset management council is a fully industry supported. Asset management strategy a fiveyear plan 2018 2023. Management objectives, the approach council takes for developing its asset and. Developing and maintaining a strategic asset management plan. In michigan, the term asset management is commonly used in relation to the management of pavement condition.
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