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Strategic asset management is an approach that is based on that physical infrastructure assets enable business goals. Asset management is an essential capability in this holistic approach that is supported by BS 65000:2014 Guidelines on Organizational resilience.
Effective maintenance can help you achieve your goals, whether it’s to decrease downtime, reduce repair costs, increase productivity or increase the reliability of equipment. To do so you must be aware of the current performance of your assets and requirements. This means creating a complete and accurate inventory. It also requires developing strategies for purchasing new assets – focusing on long-term value and alignment with business goals and also for maintaining and extending the lifespan of the existing ones.
Once you have an established foundation, you need to be ready to move from reactive to proactive operations. This means avoiding the typical errors that a lot of organizations fall into, like not aligning maintenance activities with strategic goals as well as misinterpreting data or conducting regular comparisons with reports from baseline.
You can avoid these mistakes by building your strategic asset management plan into a computerized maintenance management system (CMMS) that’s designed to connect the different elements of your operational puzzle. You’ll then have the transparency and visibility required to not only find opportunities for improvement but also make your case stronger https://thekey-partners.com/strategies-for-efficiently-managing-your-real-estate-projects/ when you need to justify your next budget request.
