To achieve your organization’s objectives It is imperative to be aware of the assets within your organization and how they interact. Strategic asset management is a framework that allows transparent, consistent and repeatable decisions based on an assessment of the benefits, costs, and potential risks of physical assets over their life-cycle. Determine functional dependencies to prioritize scheduled and preventive maintenance, and minimize unplanned downtime. Maximize value by determining the optimal balance of cost, performance, and risk across your entire infrastructure portfolio.
The strategic asset management is a suite of documents, digital tools, and processes that are comprehensive and detailed. It aligns physical infrastructure investments to the strategic goals of the organization. It begins by conducting a thorough, top-down assessment of long-term physical infrastructure investment options. This includes balancing capital and operational expenses from a total expense (TOTEX) perspective, leveraging information about the condition of assets, as well as considering the current level of service Read More Here https://thekey-partners.com/strategies-for-efficiently-managing-your-real-estate-projects/ and community requirements.
Using the right data this process can inform staffing and resource planning for ongoing maintenance and operation of assets and upgrade or replacement plans. It can be used to reduce the time spent on work orders to reduce downtime, and improve the efficiency of your operation team.
The method can also be used to formulate a plan that maximizes asset utilization in order to achieve sustainability goals. This can be achieved by load balancing, asset sharing or redeployment strategies. It could also require implementing new contracts or reevaluating current ones with contractors or suppliers in order to enhance the efficiency of energy and environmental performance.
