The estates investment portfolio has increased in size since the last asset management strategy was written 5 years ago and now contributes in the. The asset management strategy will have a key role in achieving success in these areas by. The asset management strategy ams is designed to provide a plan to manage councils physical assets including setting parameters for asset selection, maintenance, inspection and renewal which plays a key role in determining the operational performance and sustainability of council. Asset management is an essential part of good business planning. Our asset management strategy sets the framework for managing our property portfolio effectively over the next 3 to 5 years. This chapter describes the current and future strategies used to manage the asset base.
Asset management strategy mosman council nsw government. Steve gaj office of stewardship, oversight and management 20236636 email steve. The modelling undertaken is based on this information which is a best estimate, with the actual life dependant. It is a high level but very important document that guides the overall asset management activities within an organisation. Management levels different levels of management responsibility and activities.
This will help council to make informed and structured decisions on infrastructure assets and its expenditure by sound planning principles and the development of long term financial. There are hundreds of books written about leadership, and each one has some valuable point to make. The asset management strategy sets out how river clyde homes will assess its current core stock and any potential future assets to allow development of improvement plans that align our homes with our customers needs, now and in the future. Developing an asset management strategy reliabilityweb.
Asset management strategy glamorgan spring bay council. Asset management planning is an effective vehicle to deliver many of these strategies. This paper, however, unveils the linkage between fundamental drivers of corporate real estate and corporate strategy in a comprehensive management tool for portfolio analysis and strategy formulation. Strategic implications considering the above context, electranets asset management strategy is based on. Lifecycle functions different tasks to be performed at different stages of the assets life. Corporate asset management strategy north ayrshire council. This asset management strategy is the foundation for infrastructure best practices that will allow us to provide effective municipal service while balancing smart growth with a sustainable quality of life. Aligned vision 4 p a g e cornet global has undertaking a number of research initiatives relating to the trends in cre. The strategic application of this data to enhance asset management and business planning is a key part of the overall asset management strategy. Physical asset management then must take all of these into account. Challenges to implementation asset management overview. Strategies for implementation asset management overview.
This paper aims to evaluate the relationship between corporate strategy and cre strategy. The recently released iso 55000 series of standards for asset management clearly defines the importance of asset management plans. North ayrshires first corporate asset strategy cas was approved by the executive in march 2011. 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. Clients and products investment management marketing distribution and client service product management portfolio mgmt. Milan generali today announces a new strategy for its asset management unit addressing the needs of insurance companies and individuals in. The resulting strategic priorities for asset management in the current regulatory period and associated outcomes are set out in table 1 below. Adoption of this asset management strategy will similarly fulfil the namaf requirements for an asset management strategy. Fundamentals of asset management 7 toms jones street asset management plan. Strategic asset management can be considered in three dimensions. Print at ampcontrol we believe that proactive maintenance of your electrical systems as part of an asset management strategy will deliver asset reliability, optimum performance and worryfree statutory compliance. Disciplined, aligned action is the underpinning of any human endeavor. 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. So a primary objective of this framework is the strategic management of the public sectors asset portfolio to best achieve service delivery objectives.
Along with customer service delivery and governance, asset management is one of the core business activities of local government and one which the councils. The asset management strategy supports and is informed by the achas strategic plan and the current 30 year business plan. Asset management overview strategies for implementation. 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.
It will guide our future strategic property decisions to make sure we manage our property portfolio sustainably and efficiently so that it can adapt to remain fit for the future and support frontline delivery. Asset management strategy 2018 2023 asset management strategy 1 version 4. Councils asset management strategy provides the framework to guide the development of an integrated and comprehensive asset management model for council. The objective of this asset management strategy ams is to develop a structured set of strategic actions aimed at enabling council to improve its asset management practices to support councils asset management policy and service delivery needs. The asset management strategy covers all of the housing and other property owned and managed by acha and includes all the related assets, such as play areas, garages and unadopted assets. This asset management strategy outlines the asset management practices which hmrc has in place, and also includes those of its executive agency, the valuation office agency voa. Affordable warmth strategy in place, improving energy efficiency of our homes and.
Asset management strategy 9 blayney shire council annual report with. The aim of this research is to establish the demands for cre in 2020. Asset management strategy midwestern regional council. 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. A citys health can be measured by the quality of its infrastructure. This includes discussion of essential elements for asset management strategies. Corporate asset management strategy 20162021 stroud district. Asset management strategy 202017 doing things differently kccs asset management strategy sets the highlevel strategic framework for managing our property portfolio effectively over the next 3 to 5 years. They are providing national leadership and guidance to states as they work to incorporate asset management principles and practices into their business processes.
Our previous asset management strategy outlined how we were intending to gain a better understanding of our assets, establish a more consistent approach to. Asset management principles the essential principle elements needed to form a robust and useful asset management plan amp are. The nams model includes a maturity assessment to determine an organisations level of maturity with regard to its asset management practices. The asset management strategy is a dynamic document outlining a clear course of action in applying and supporting the shires asset management policy and outlines the following. Management team, part of the councils highways, parking and marine service. Through the creation, acquisition, maintenance, operation, renewal and disposal of assets. Putting things as simply as we can into the sam model, the lead element consists of the managing system, strategic planning and information management. Cdotdtdr2001 prepared by cambridge systematics brw 150 cambridgepark drive, suite 4000 1225 17th street, suite 200 cambridge, ma 02140 denver, co 80202 sponsored by the colorado department of transportation. Asset management is the range of activities undertaken to ensure the housing stock meets the needs and standards now and for the future. The asset management strategy is a key informing document to this process.
The objective of the asset management strategy is to establish a framework to guide the. Organisational requirements to support the asset management process. Fundamentals of asset management 3 drawing from the am knowledge base this workshop is produced by ghd inc. Regional district will be periodically updating and revising this strategy to reflect changes in direction and other developments. Asset management implementation plan and tiered system process by michael j. These studies have made it clear that effective iam. Aashto and fhwa have made transportation asset management a national priority. Camden council asset management strategy page 5 of 47 the current level of asset management awareness within council has significantly improved from 2009, with a dedicated asset management team being established over the last 3 years, completion of a comprehensive inventory of all assets, and supported by condition assessments of all assets. This strategy has been developed as part of a longterm plan to assess, monitor and plan for the assets that will be needed by the city of melbourne in the coming decade. National water services infrastructure asset management strategy 8page 1. Developing an asset management strategy, policy and plans.
The asset management strategy proposes strategies to enable the objectives of the strategic plan, asset management policy and asset management vision to be achieved. The asset management strategy recognises the need to manage assets effectively as part of the towns service delivery, where service areas delivering the service should be responsible for managing assets that are associated with that service area. The purpose of this asset management strategy is to describe how thh will ensure that assets are effectively managed and the income they generate is optimised so that we build and maintain desirable, sustainable homes for current and future generations. 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. Asset management strategy a fiveyear plan 2018 2023.
Asset management strategy june 20 page 6 of 10 section 2. It will guide our future strategic property decisions to ensure we manage our property portfolio sustainably and efficiently so. The current position with respect to asset management practice. Asset management strategies no strategy desired outcome 1 move from annual budgeting to long term financial planning. The asset management strategy ams is designed to provide a plan to manage councils physical assets including setting parameters for asset selection, maintenance, inspection and renewal which plays a key role in determining the operational performance and. Part of this initiative was a piece of research which investigated the trends in sustainability and their. Asset management strategy 2015 2020 was revised early to align with the new corporate plan but in this short time we achieved a number of great successes. This asset management strategy includes specific actions required to improve cou ncils asset management capability and projected resource requirements and timeframes. It is a constantly evolving set of procedures and actions intended to obtain best value from the itys assets. Housing asset management strategy 202043 1 introduction 1. Asset management strategy bogan shire council jayantha ediriweera water and asset manager page 5 asset and water manager the useful life of an asset is the period from when it is constructed until it reaches its defined intervention level. The aim of the strategic asset management plan samp is to set out the councils vision, aspirations and objectives. Their aim is to provide the strategic lead for the successful adoption and implementation of this strategy, and to raise the level of awareness, effectiveness and implementation of asset management principles across the service. Asset management strategy the asset management strategy ams is designed to provide a plan to manage councils physical infrastructure assets over the long term including setting parameters for asset selection, maintenance, inspection and renewal which plays a key role in determining the operational performance and sustainability of council.
The purpose of the asset management strategy is to provide a strategic. Empowering and enabling services to prosper and flourish, especially in rural areas, through the utilisation of our assets. The asset management plans, for each of the major asset groups, document. Aligned vision dr barry p haynes sheffield hallam university abstract purpose. Ensure informed decision making the framework aims to ensure informed decision making by. Through the themes and objectives within the asset management strategy a number of business risks identified in the corporate risk map have been addressed, particularly those relating to effective planning and resourcing as well as meeting customer expectations. Developing asset management plans life cycle engineering. National water services infrastructure asset management strategy 9page 1. 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. Developing an asset management strategy strategic asset management involves managing the capital investment towards a longterm program of increasing the roa. Dwa 2006, have undertaken situation assessments and problem analyses to identify the challenges, and the factors that lead to poor iam.
Appendix d of this strategy shows maturity assessment report from september 2011 and the current status of asset organisational management maturity is shown in table 10. The paper will identify, and evaluate, a number of components that collectively form the cre strategy. Implementation of the actions listed in section and described in appendix 1 is expected. The asset management strategy for acha has been developed to provide the detail necessary to provide a clear direction for the management of the assets that the association owns and manages. Asset management plans form the cornerstone of an effective asset management system. This paper, however, unveils the linkage between fundamental drivers of corporate real estate and corporate strategy in a comprehensive management tool for. There are hundreds of books written about leadership, and each one has some valuable point to. Mark cheverton kcc strategic and corporate services approved by.
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