Historically, risks to the companys success have been categorized as strategic, operational, compliance, and financial. Choose your customers, narrow your focus, dominate your market by michael treacy and fred wiersema product differentiation operational competence customer responsive product leadership best product. Around the same time, the high court decision to abolish nonfeasance became a catalyst in driving councils to take a proactive approach to road management. This document is intended to be a resource on components that should be considered for inclusion in the amp. This strategy, along with its partnering policy, sits within a wider framework for asset. Asset management framework and governance australian energy.
This guidance offers a structure for local authorities to work to and enable them to capitalise on the benefits of effective asset management. Creating an asset management framework for successful eam configuration with the goal of understanding and building a data set around lifecycle costs, veolia formed a core team of internal experts to evaluate the industry best practices in maintenance strategies. North sydney council asset management strategy 201011201920 may 2011 6 the purpose of the asset management strategy is to provide direction to developing the ongoing processes for managing infrastructure assets. A good starting point for any size water system is the five core questions framework for asset management. The key strategy includes the implementation of a dedicated fleet system, which will provide improvements in data analysis and reporting, resulting in availability of comprehensive analysis. Success of an asset intensive organisation is based on adoption of high quality asset management practices and systems. Strategy competitive advantage capabilities resources 2. Strategic asset management plan 5 draft glossary of terms acb assets and capital board almo arms length management organisation alp assets, land and property rules arg assets, regeneration and growth committee atrium database software aws agile working strategy cas community asset strategy ccg clinical commissioning group clp corporate landlord policy csg customer services. Strategic asset management framework the application of value management also promotes benefits within an agency, including.
We argue that a strategic standpoint for asset management establishes a framework that includes governance, policy, tactical and operational. Asset management strategy the asset management process is one of continuous improvement, focused on four primary elements of the asset management cycle. Efficiently managing nonperforming loans 5 once the portfolio is segmented and material individual loan positions are identified, the best practice is to approach the workout planning as a twostep process by. Management framework the s1 to s5 standards see page 7. Strategic asset plan policy policy sets out the mandatory requirements for the preparation and submission of health service provider a strategic asset plan sap to ensure the effective and efficient management of assets. A strategic asset management framework samf, ties an asset management. This strategy provides a clear link between the vision, outcomes and objectives in the warringah community strategic plan to the daytoday management of councils assets. Transit asset management state of good repair roundtable. The asset management strategy provides the link between the policy and asset management plans by recommending staged, prioritised improvements to be addressed over the next 4 years.
In 2012, council adopted a revised asset management policy, which meets the best practice requirements set out in the namaf. The gartner enterprise information management framework. How to develop an asset management policy, strategy and. Pianc mmx congress liverpool uk 2010 1 general manager assets and spatial data, port of melbourne corporation, australia, mick. Followup and continuing steps the five core questions framework for asset management is the starting point for asset management. Select a strategy which best exploits the firms resources and capabilities relative to external opportunities. It is a high level but very important document that guides the overall asset management activities within an organisation. One of the phase important in asset management planning is to build asset management strategy.
But in telling this story, written asset strategic asset management documents can often suffer from being confused, jumbled affairs that confuse where the. The framework focuses on desired outcomes rather than prescribing specific methodologies that allows local. Coastline housing first implemented an asset management strategy in april 2002 and has maintained one ever since. Pdf a framework for strategic infrastructure asset management. In powerlink, asset management philosophies are applied at every stage of an assets life. An asset management framework there are five core questions in an asset management framework. Documents relating to strategic asset management framework. Asset management strategy 20 2023 1 warringah council acknowledges that a solid framework is needed to provide a platform for consistent and effective asset management. Strategy v u p v c uu u v asset management and continual improvement provides topdown direction regarding expectations and mandatory requirements provides approach to addressing policy. This portfolio comprises all assets which are used to deliver services and administrate.
What is the utilitys required sustained level of service. In particular, the strategy is consistent with work. The samf 2014 2019 replaces the strategic asset management plan 20062011. Dedicated fleet asset management systems fleet asset management systems are defined as systems which support asset management processes and data analysis. Mav integrated and financial planning frameworks 6.
This document is the citys first consolidated strategic asset management plan samp. Adopting this asset management strategy will assist council in meeting the requirements of national sustainability frameworks, likely state legislation and regulations and providing services needed by the community in a financially sustainable manner. These are also provided in attachment 3 of the asset management plan template. The emphasis is on control an agency does not need to own or physically possess an asset to control it. Condition audit and asset management plan programs 4.
Select a strategy which best exploits the firms resources and capabilities relative to external. Corporate asset management strategy 20162021 stroud district. The strategic asset management framework samf is a guide for managing. Asset management plan assessment guide this document is intended to provide water system personnel with a tool to evaluate and improve the accuracy and completeness of the facilitys asset management plan amp. 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.
Asset management plans can be written for an entire asset portfolio, for a group of similar assets or for individual assets. Development of a strategic asset management framework. Identifying routes to recovery this detailed analysis of. Councils asset management strategy provides the framework to guide the development of an integrated and comprehensive asset management model for council. Strategic asset management framework wa government. This is a high level strategic document that provides guidelines for the overall asset management activities of the company or an organization. Fundamentals of asset management the enterprise asset management planasset system summary 1. The framework recognizes that asset management, and the best practices that support asset management, must be scalable to community size and capacity.
The asset management strategy will continue to evolve as the strategic objectives of council develop and change. The nams model includes a maturity assessment to determine an organisations level of maturity with regard to its asset management practices. Provide a framework for developing asset management objectives through statements of principle rather than details see clause 5. An sap is centred on an agencys future service delivery objectives and asset network. Asset management strategy 2018 2023 asset management strategy 1 version 4. National asset management assessment framework mav core report, november 20 list of tables. Victorian government risk management framework 37 asset management accountability framework 38 value creation and capture 38 more information 39 vdas strategic partners 40 glossary 42 acronyms 47 contents victorian digital asset strategy strategic framework page 1. The typical core content of a municipal amp includes information on the state of the infrastructure, the desired levels of service, the life cycle management strategy and the financial strategy. The strategic management frameworks arnoldo hax alfred p. This document is available in pdf and word format on the. Strategic asset plan an sap looks 10 years ahead to show how an agency intends to deliver practical services to the public using government infrastructure, buildings, other assets, and related demand management initiatives. Beyond planning, asset management should be implemented to achieve continual improvements through a series of plan, do, check, act steps.
Beyond planning, asset management should be implemented to achieve continual improvements through a. Strategic asset management plan 2003 status of recommendations 2014 5. This document sets out the whole of life management philosophy for powerlinks land assets, provides a. A strategic asset management framework samf, ties an asset management organisation from end to end, and is targeted at improving efficiencies, effectiveness and overall performance whilst meeting the business objectives. The strategic asset management framework samf establishes highlevel strategic objectives desired business outcomes for the development and management of the universitys physical environment and assets for the period 20142019.
A framework for strategic infrastructure asset management. Powerlinks asset management strategy ensures the organisations assets are managed in a manner consistent with its overall corporate vision objectives to responsibly deliver electricity transmission services that are valued. Which assets are critical to sustained performance. This ensures best practice in the development and implementation of the. In order to implement the organisations asset management strategy, specific asset methodologies must be developed for each major asset group within powerlink. The asset management strategy sets out the strategic framework to provide excellent housing and support services, invest in our homes and neighbourhoods, grow the organisation sensibly and continuously improve our financial strength. The development of a sap assist s health service providers to identify their asset management. Asset management strategy a fiveyear plan 2018 2023. Asset liability management committee alco can be delivered in the form of standard or customized reports, as well as webbased dashboards, providing a granular view of risk and facilitating decisionmaking. What can the firm do more effectively than its rivals. Strategic asset management plan framework state development. A list of the councils assets can be found on pdf format at.
The development of this asset management strategy am strategy has been guided by the institute of public works engineering australasia ipwea national asset management strategy nams template. The strategic asset management plan samp framework pdf icon 580 kb, supported by guidance materials pdf icon 451 kb, describes. Transportation asset management a framework for successful performancebased planning michael bridges, p. The estates investment portfolio has increased in size since the last asset management strategy was written 5 years ago and now contributes in the.
Mark cheverton kcc strategic and corporate services approved by. The strategic asset management framework applies to all physical assets or groups of assets controlled by the public sector. Provincial treasury has an asset management framework, various asset management guidelines and a generic asset management policy which could be used by kzn provincial departments as a guideline in developing their own departmental specific asset policies, procedures and guidelines. Typology, articles, case studies, pdf documents, videos, pictures, tables. It applies to noncurrent assets physical and intangible controlled by agencies.
This strategy, along with its partnering policy, sits within a wider framework for asset management and forms a link between the councils corporate plan, key strategies such as the ltp, relevant guidance and legislation and operational activities. In practice, providers employ a range of property condition standards to assess their properties, depending on whether the assessment is carried out utilising proprietary asset management software. The new framework comprises four separate elements as follows. Investment management standard, investment life cycle and hvhr guidelines 36 frontend engineering and design 36 victorian critical infrastructure resilience arrangements 36 victorian government risk management framework 37 asset management accountability framework 38 value creation and capture 38 more information 39 vdas strategic partners 40. The framework has been developed to recognize the diversity of bcs communities. Asset management introduction 1 amp framework the council has adopted a new asset management framework from 2016 which is intended to last us through the next 10 years. Crossasset planning and management asset management policy and strategy lifecycle management. The goal is to ensure that data serves business purposes in a sustainable way. Strategic property asset management framework cipfa. Asset management steering group terms of reference 7. The responsibility for delivery of this framework sits with the living streets and network. This new framework replaces our corporate property strategy 20072012. Adoption of this asset management strategy will similarly fulfil the namaf requirements for an asset management strategy.
Asset management strategy asset management manual world. Asset management strategy 202017 doing things differently the asset management strategy framework continual asset management improvement the rics public sector asset management guidelines have been used inform the process for the asset management strategy. An asset management framework is a set of documents, systems and processes that addresses an organisations asset management responsibilities in its simplest form an asset management framework may just be the sum of the following documents. The list of key documents underpinning this framework is provided in. It is designed to highlight the principles of, and need for, asset management and give broad guidelines in this regard. Asset management plan definition strategy framework. This framework walks you through all of the major activities associated with asset management and can be implemented at the level of sophistication reasonable for a given system. Conduct asset management maturity assessment establish governance elements establish policy, strategy and standards develop one or more am plans train staff and develop capacity to. 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. Creating an asset management framework for successful eam.
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