Strategic 2014 asset management plan modern mindset. A strategic asset management plan samp is a document that specifies how the organizational objectives are to be converted into asset management objectives. Developing an asset management strategy, policy and plans. The strategic asset management framework samf establishes highlevel strategic objectives desired business outcomes for the development and management of the universitys physical environment. Developing a strategic asset management plan assetivity. 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.
This document is the citys first consolidated strategic asset management plan samp. 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 them or disposing of them. Developing an asset management strategy reliabilityweb. Creating an asset management policy eliminates any ambiguity or gaps in asset knowledge. 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. This article discusses how we think a good strategic asset management plan should look like. Developing and maintaining a strategic asset management plan. An asset management plan is a strategic planning document that will sit alongside. Fleet asset management strategy plan fy 20 through fy 2022. 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.
Fortunately, there are lots of potential benefits that come from creating these guidelines. In michigan, the term asset management is commonly used in relation to the management of pavement condition. Provide agencies a guiding framework for developing their own. 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. The asset management plans amps are the portland water bureaus best efforts to create strategies. Strategic asset management plan woodhouse partnership. Local government association of south australia sustainable asset management in sa guidelines. The aim of the strategic asset management plan samp is to set out the councils vision, aspirations and objectives. Developing and maintaining a strategic asset management.
The city has developed a servicedbased strategic asset management plan servsamp. The asset management council is a fully industry supported. Section 2 describes the development of the asset management program at the bureau. Jun 09, 2017 strategic asset management plan samp scope. 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. Standard practice for physical inventory of durable, moveable asset, to the. Several initial action steps have been undertaken and others have been identified for prospective implementation. 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. Provide strategic asset management guidance to the agencies who are the responsible stewards for the state government s building assets. Developing an asset management strategy strategic asset management involves managing the capital investment towards a longterm program of increasing the roa. Overview this publication provides practical advice for the development of a.
Develop consistent approach to creatingmanaging data. 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. To compute the productioncriticality ranking pcr, rank the assets effect on the subsystem on a scale of one to ten. One simple definition we have for asset managementis thinking of it as a process for maintaining.
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. 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. The product of the scr and the pcr is the businesscriticality ranking bcr. Activities associated with maximizing the value of an asset. 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. It also states the need for an am strategy which defines the strategic initiatives required to achieve. Local agency guidelines for developing an asset management plan and process. 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. 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. It is part of a suite of documentation that supports the achievement of tasnetworks strategic performance objectives and, in turn, its mission. 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. Strategic asset management plan asset management plan asset management objectives asset management initiatives references document references used in the samp.
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. The plan must include an assessment of current facilities and their use along with an analysis of trends facing the campus. Strategic asset management plan samp a guidance document for employees that summarizes and outlines action items toward. Asset management plan guidance and template version 1. 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. 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. Describes the current and predicted operating environment for icon water in order to provide context for the subsequent sections and to provide a. Therefore, the objective of this fleet asset management strategy plan is to identify past, currentfuture operations and maintenance practices focusing on the strategic processes. A strategic asset management plan samp will optimize value by making appropriate tradeoffs between risk, cost. 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. Development of a strategic asset management master plan to address organization.
Facilities need to be aligned to the mission of the university through the facilities master plan. Asset management plan structure from the international infrastructure management manual1. Asset management strategy a fiveyear plan 2018 2023. Facilities infrastructure operations and maintenance. A chess grandmaster is thinking ahead five moves and carefully leveraging the value of each piece. 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. Developing asset management plans life cycle engineering. This section provides an overview of the strategic asset management plan samp including. 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.
Use asset management to manage the agencys physical infrastructure, drive the budget development process, and support the agencys strategic plan. Asset management is maintaining a desired level of service for what you want your assets to provide at the lowest life cycle cost. The template is a core infrastructure and asset management plan to primarily meet the needs of smaller councils but be a resource for larger and more advanced councils. For example water supply interruptions and sewage overflows. When we define strategic management for our customers, we define it as the. Anything that provides value, or potential value the assets referred to in this plan are the physical infrastructure, vehicles, and equipment that. 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.
Strategic asset management plan or asset management plan. Strategic asset management plan alignment to the asset. 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. Council owns, operates, and maintains assets valued at. In this 2day private workshop, participants will use the asset management policy created in the iso 55000 for leaders. And that is where the strategic advantage lies in asset management. Developing and maintaining a strategic asset management plan samp pdf. 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. 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. Asset management plans are to be updated at no longer than 4 year intervals. Demonstrate the commitment that assets will be maintained such that the.
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 facilities asset management plan has been developed to align with both tasnetworks asset management policy and strategic objectives for the company. Strategic asset management plan 2017 documents city of ottawa. This guide is intended to be a valuable reference for public. Outcomes of the cquniversity strategic asset management plan. Strategic asset management plan london borough of barnet. 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.
Jan 22, 2019 building an asset management policy can be a big task, so the payoff has to be worth all the work. 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. John woodhouse, twpls ceo, fellow and chair of the panel of experts for the institute of asset management iam has. Fmds role in developing and maintaining the ellensburg campus helps cwu bolster student success. A tam plan uses transit asset condition to guide how to manage. Asset management strategy 2018 2023 asset management strategy 1 version 4. See councils strategic management plan for these details. This strategic asset management plan samp is an essential component of an. Implementing iso 55000 part 4 developing a strategic asset management plan assetivity april 16, 2020, 8. A policy and procedure manual that sets out the organisations processes for administering its asset. Strategic asset management plan the town of oakville.
It also states the need for an am strategy which defines the strategic. In addition, they will document key assumptions made within the plan. 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. Fundamentals of asset management the enterprise asset management planasset system summary 1. Icon water owns, plans for, operates and maintains a network of dams, water treatment. The infrastructure and asset management plan template is developed from appendix a. Management objectives, the approach council takes for developing its asset and. 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. In michigan, the term asset management is commonly used in relation to the management of. It applies to noncurrent assets physical and intangible controlled by agencies. Provide a framework for developing asset management objectives through statements of principle rather than details see clause 5. Asset management is implemented through an asset management program and typically. Local agency guidelines for developing an asset management.
The councils asset management strategy sets the strategic framework within which the corporate real estate portfolio will. Developing and maintaining a strategic asset management plan samp was therefore produced to provide a planning tool for putting together a samp. 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. Strategic asset management plan 2019 mackay regional council. The core infrastructure and asset management plan is based on maintaining. 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. Strategic facilities planning enables the built environment to support cwus mission. Developing a strategic asset management plan implementing iso 55000. Lowest life cycle cost refers to the best appropriate cost for rehabilitating, repairing or replacing an asset. The estates investment portfolio has increased in size since the last asset management strategy was written 5 years ago and now contributes in the. 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. Policy statement security management is an important enough topic that developing a policy statement, and publishing it with the program, is a.
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. Asset management strategy a fiveyear plan 2018 2023 25 april 2018 final. Section 3 is a description of the progress of the asset management program including strategic decisions that have already been implemented. The terms strategic asset management plan samp and asset management plan amp are often used as synonyms, which can create some confusion. The strategic asset management framework applies to all physical assets or groups of assets controlled by the public sector. 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. 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. 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.
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