Strategic asset management is an organizational approach based on the principle that physical infrastructure assets are enablers of business goals. This holistic view, as that is supported by the BS65000:2014 Guidance for Organizational Resilience recognizes asset management as one of the main capabilities contributing to organizational resilience.
Effective maintenance can help you achieve your goals, whether it’s to reduce downtime, lower repair costs, boost productivity or improve the reliability of equipment. First, you must understand the performance and requirements of your assets. This involves creating a precise and complete inventory. It is also crucial to develop strategies for the acquisition of new assets, with an focus on their long-term worth and their alignment with the business objectives.
Once you have a solid foundation on which to build, you’ll be able to transition from https://thekey-partners.com/strategies-for-efficiently-managing-your-real-estate-projects/ a reactive to a proactive approach. This means avoiding the typical pitfalls that many organisations make mistakes, such as not aligning maintenance activities with strategic goals and misinterpreting data, or not regularly comparing the baseline reporting.
You can avoid these issues by integrating your strategy for asset management into a computerized Maintenance Management System (CMMS) that is designed to connect all the pieces of your puzzle. Then, you’ll have the transparency and visibility required to not only spot opportunities for improvement but also strengthen your case when it’s time to justify your next budget request.