The strategic management frameworks arnoldo hax alfred p. The strategic asset management framework samf pdf, 258kb provides best practice guidelines for managing queensland government buildings, including efficient building use. Strategic management is defined as the process of evaluation, planning, and implementation designed to maintain or improve competitive advantage. For example, the complete segregation of the frontofhouse and backofhouse functions in a museum may be necessary. A tactical plan rendered for managing firms infrastructure along with other financial assets to ensure delivery of agreed standard of services is. The difference between datadriven and traditional asset management is that possible finally matches vision. It identifies the asset and related demand management measures upon which service delivery will depend. The strategic asset management framework samf is a guide for. 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. The complete guide to asset strategy management arms. It applies to noncurrent assets physical and intangible controlled by agencies. Australianbased international company with over100 offices worldwide. In particular we analyse which asset management strategy is used in these four cases and its effectiveness. Iso 55000 providing an overview of the subject of asset management and the standard terms and.
A national assessment framework for local government asset management and financial planning naf has been. Only by being datadriven is it possible to drill into the toplevel factors of operational. 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. Pdf comprehensive asset management should be embedded in organizations through the. Asset management strategy 2018 2023 asset management strategy 1 version 4. 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. Asset planning for buildings pdf, 155kb capital investmentprocurement planning and project delivery pdf, 1kb building management pdf, 118kb heritage asset management pdf, 147kb maintenance management pdf, 81kb security management of government buildings pdf, 93kb asset disposal pdf, 111kb. It provides a framework for the governance of it, the service wrap, and focuses on the continual measurement and.
Asset management is the generic process that seeks to. Asset strategy management asm is a structured process that enables you to gain control and effectively manage asset strategies, remove inconsistencies, and ensure your assets are up and. Redland city councils strategic asset management pathway. This strategy provides the framework for a new approach, which will enable the oga and industry to. Developing an asset management strategy, policy and plans. Asset management strategy a fiveyear plan 2018 2023. 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. An integrative strategic framework adaptive processes strategic agenda competitive positioning.
See strategic management competency for a perspective of how the strategic management framework fits into the makeup the competency the strategic management framework takes the level of. Arms reliability have pioneered the revolutionary asset strategy management asm best practice. 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. A corporate plan identifies an agencys overall purpose, service delivery goals, budget and capabilities particularly its workforce skills.
The framework is periodically updated to reflect feedback from users and to align it with the iams latest thinking on the scope and components of asset management. Asset management is increasingly well understood by the business community as a strategic and business led discipline. A strategic asset management framework samf, ties an asset. Click here pdf 4mb to download a complete copy of the asset management strategy. Managers for fleet and buildings worked collaboratively to install an extensive 330. The iso 55000 family is the first set of international standards for asset management and includes. We argue that a strategic standpoint for asset management establishes a framework that includes. Asset strategy and performance management software sap. To continue to ensure this service, ambok publication 000. The framework establishes a highlevel, systematic approach that supports local governments in moving toward service, asset and financial sustainability through an asset management process. Which assets are critical to sustained performance. The asset management competency framework amcf defines the organisational and individual capabilities and skills required to effectively plan, invest in and deliver transport outcomes that are focused on realising benefits for the customer.
Management and financial planning implementation proposal paper. Asset management strategy midwestern regional council. These factors are important across the queensland governments substantial portfolio of buildings. Auckland transport asset management framework 10 3 the asset management plan the purpose of the asset management plan the asset management plan amp is an umbrella document.
The data is obtained from discussions with senior managers responsible for the management of infrastructure assets and analysis of documents. A framework for strategic infrastructure asset management. Information and data management across asset lifecycle licensing exploration and appraisal projects. Asset strategy management and library meridiums asset strategy management asm capability provides a better way to manage asset strategies using a riskbased approach. With the sap asset strategy and performance management application, part of the sap intelligent asset management solution portfolio, you can enable asset owners, managers, plant managers, and reliability engineers to improve control, while making maintenance planning easier and more accurate. This part of the strategy will also include financial planning which details how much funding is available in order for you to acquire. In order to develop, evaluate, compare and refine the options, tradeoffs in the functionality of the asset are identified. Strategic asset planning is inextricably linked to corporate planning.
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. Fundamentals of asset management 3 drawing from the am knowledge base this workshop is produced by ghd inc. Success of an asset intensive organisation is based on adoption of high quality asset management practices and systems. Development of a strategic asset management framework. Framework for asset management, second edition is now available to the public for. A fundamental pillar of asset management, enabled by people, technology and data, that delivers. Asset management asset management helps communities make better decisions. Strategic asset management framework for government. Financial policy and strategic planning, corporate planning, financial planning, financial modeling, investments decisions under. Ddassetmgt data analytics for operational excellence. An asset management framework there are five core questions in an asset management framework. The strategic asset management framework samf establishes highlevel strategic objectives desired business outcomes for the development and management of the universitys physical environment. A strategic asset management framework samf, ties an asset management.
The asset management strategy ams is designed to provide a plan to. This document replaces the estates management strategy 20112015 and should be read in conjunction with the councils land and property rules. Full paper a framework for strategic infrastructure asset. Select a strategy which best exploits the firms resources and capabilities. In particular we analyse which asset management strategy is used in these four cases and its. What is the utilitys required sustained level of service.
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 plan definition strategy framework. Measure and improve the performance of your assets and enhance maintenance strategies. While it may not grab headlines the way a highway expansion or new transit service would, maintenance and modernization. This framework, developed by the kpmg board leadership center in collaboration with professor george serafeim of harvard business school, will form the basis for deeper dives and case studies in future white papers. Strategic 2014 asset management plan modern mindset. Guidelines for infrastructure asset management in local government iii dplg.