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By implementing a strategic approach for long-term maintenance and operational planning asset management will better align physical assets to an organization’s broad business goals. Strategic asset management enables decision-makers to reconcile budgetary goals with the service level requirements to ensure long-term sustainability of facilities and infrastructure instead of relying on budgets.
The main ingredient in this strategy is a solid team that shares a common vision. This means that the people who operate and manage your assets are an essential element of the process since they know the equipment inside out. They can provide valuable insights on how to improve processes and procedures and have a major impact on the program for asset management. This will help ensure buy-in, and that everyone is on the same page when designing your strategy.
A sound plan for managing assets starts by identifying all your assets and listing them, including their location and their condition. This will allow you to identify your most important assets, and prioritize their maintenance. This information can be used for additional initiatives such as streamlining work orders, and maximizing uptime.
The impact of asset management decisions on your community is an vital aspect. This involves weighing the immediate costs and benefits against long-term savings and benefits, and evaluating their effect on the environment.
