DEVELOPING AN ASSET MANAGEMENT BASED CULTURE

ONE DOES NOT SIMPLY

CHANGE FROM A TRANSACTIONAL APPROACHTO AN ASSET BASED APPROACH

V11

AMS

Financial Performance

(ROI)

Investment

(Cost, Risk, Opportunities & Performance)

Risk

(Reducing loss, liabilities & penalties)

Services

(Improved outputs & customer

satisfaction)

Social Responsibility

(Breeam, Carbon)

Compliance

(Legal, Statutory & regulatory)

Reputation

(Goodwill, opportunities)

Sustainability

(VE, added value, lifecycle)

Efficiency and Effectiveness

(Objectives, performance)

Decide What the drivers are….

An asset is an item, thing or entity that has potential or actual value to an organization. The value willvary between different organizations and their stakeholders, and can be tangible or intangible, financialor non-financialSource: ISO 55000

Understand how these drivers affect your asset management needs

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Balance your priorities

Fundamentals

Value

Alignment

Leadership

Assurance

Get the basics in place

Organisation Plans & Objectives

Asset Management Strategy

Asset Management Policy

Asset management Plans

Implementation of Plans

Asset management System(s)

Evaluation

Clients

Contracts

Reports

Turn your Strategy into actions and goals

Evaluate what this means

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