The achievement of your organization’s goals requires an understanding of your assets and how they function together. Strategic asset management offers a framework for consistent, repeatable and transparent decision-making and actions that are based on a comprehensive assessment of the benefits, costs, and risk throughout the life cycle of ibabs software review physical assets. Identify functional dependencies to prioritize scheduled and preventive maintenance, and decrease unplanned downtime. Maximize value by determining the optimal mix of cost, performance, and risk across your entire infrastructure portfolio.
The process of strategic asset management is a vast and elaborate set of documents processes and digital tools which align physical infrastructure investments in line with the overall goals of the company’s strategic plan. It begins with an in-depth review of the top-down investment options for physical infrastructure. This involves balancing capital and operational expenditures from a total expense (TOTEX) perspective, leveraging data on asset condition, and considering the current state of service and community requirements.
The process can also be used to inform the planning of resource resources, staffing and upgrade or replacement plans using the right information. It can also be used to reduce work orders, thus which reduces downtime and increases the efficiency of your operation team.
The process can be used to develop a plan that maximizes asset utilization to meet sustainability goals. This can be accomplished by implementing strategies such as load balancing and asset sharing. It could also require implementing new contracts or reevaluating current ones with contractors or suppliers in order to enhance the performance of energy and environmental.