Building a Strategic Asset Management Strategy

Managing physical assets in an organization brings with it opportunities, obstacles, and hazards. In order to manoeuvre around these, there needs to be a shift right from ‘business because usual’ activities towards transformational thinking. A holistic’mindset’ that sees property management as an enabler of company purpose and mission can ensure your organization remains resilient into the future.

The first step to creating a powerful strategic property management program is to clearly define the goals of your organization. These are measurable targets on a five to ten-year écart and will summarize extensive practices that your company need to improve or put into action. The plan should certainly avoid certain operational information and give attention to what development level the plant can achieve with a great degree of supply, performance and quality. This could be achieved by gathering original equipment company data and benchmarks via similar indoor plants.

Once the goals are described it is time to examine and prioritise the assets you currently have. This can be done through studying the data from your EAM (computerized maintenance supervision system), or with a broader analysis of your entire profile of property. This data can help you identify the possessions that are essential to your production process and which ones must be replaced or eliminated.

Once the assets have been completely prioritized this Real Estate Project is important to determine just how much downtime your business experiences as a result of them. This info can then be accustomed to develop a priced at model that may highlight the actual costs associated with your assets above their lifecycle.