The achievement of your organization’s goals requires an understanding of your assets and how they work virtual data rooms for strategic document control together. Strategic asset management offers a framework that allows for consistent, repeatable and transparent decisions and actions based on a thorough analysis of the benefits, costs, and risk throughout the life cycle of physical assets. Prioritize functional dependencies in order to plan maintenance that is scheduled and preventive, and decrease unplanned downtime. Maximize the value of your investment by determining the best combination of efficiency and cost across your entire infrastructure.
The strategic asset management process is a comprehensive and progressively elaborate set of documents processes, and digital tools that align physical infrastructure investments with overarching organizational strategic objectives. It starts with an in-depth analysis of top-down investment options for physical infrastructure. This involves balancing capital and operational expenses from a total expense (TOTEX) perspective, using information on the condition of assets, and taking into account current service levels and community needs.
The process can also be used to inform the planning of resource resources, staffing and upgrades or replacement plans by using the correct data. It can also be used to reduce the time spent on work orders which will reduce downtime and improve the efficiency of your team.
The process can also be used to formulate plans that maximize asset utilization in order to achieve sustainability goals. This can be achieved through load shifting, asset sharing or redeployment strategies. It could also require implementing new contracts or revising current ones with suppliers or contractors in order to improve the environmental and energy performance.