Asset Management
The notion is known by various names; asset management, advanced asset
management, infrastructure asset management, total asset management.
I prefer the term advanced asset management, and the following definitions:
A comprehensive and structured approach to the long term management
of assets as tools for the efficient and effective delivery of community
benefits.
–American Public Works Association Asset Management Task Force
Combining the most appropriate infrastructure set
and management practices to provide the desired service at the lowest
life-cycle cost. Or, the strategy that yields the most bang for the
least bucks over the long haul.
–Carl E. Brown
I like to boil
advanced asset management down to these five groups of questions.
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What do I
own, what is it's condition and where is it?
-
What level
of service do I want my system to provide?
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What components
are critical, how do they fail and what should I do about it?
-
What are
my system configuration and operating alternatives?
-
For the system
configuration and operating alternative I have chosen, how much will
it cost and what rates are needed to support this alternative set?
The guide Advanced Asset Management
- An Introduction, will give you the basics for getting started into
advanced asset management. The following resources
should help you learn more about advanced asset management. After getting
to know the concept, contact me about helping you to develop a program
for your system or just use this notion on your own to make your organization
function better.
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