The strategic asset management framework samf is a guide for. Asset management is a process to manage demand and guide acquisition, use and disposal of assets to make the most of their service delivery potential, and manage risks and costs over their entire life. Starting with defining a strategy for change management based on the businesss vision, direction, and needs. This document continued to be developed over 201011, 201112 and 2012, delivering in some areas but never really realising its full intention or potential. If including strategic asset management initiatives, also use this section to allocate priority, responsibility, timelines and resources. With the strategy in place and agreed, transforming the existing change organisation state into the required future state by. Shire of manjimup preliminary asset management strategy.
A samp defines an overarching strategy and process for asset management planning. In this document, the shire will be used to mean the geographic local government area, and council will be used to describe the body of staff that perform local government functions. Asset management is about supporting the delivery of strategic goals and objectives through the use of property assets it is part of resource and business. However, managing software assets is a unique discipline that requires specialized expertise that many companies do not have inhouse. Developing an asset management strategy reliabilityweb. Introducing lces asset management system framework life. Strategic asset management framework land planning and. Describe the structure of and artefacts contained in the asset management system ams. Strategic asset management framework application for concept approval pdf 408.
A cultural heritage asset management strategy will normally contain the following. How to develop an asset management policy, strategy and. The asset management system framework reflects and incorporates the key features of the iso 55000 management system for asset management standard. Asset management strategy 2018 2023 asset management strategy 1 version 4. It outlines the tasmanian governments approach to managing the single. Councils asset management strategy provides the framework to guide the development of an integrated and comprehensive asset management model for council.
Strategic asset management framework for government. The strategic asset management plan samp framework pdf icon. Typically, more than one asset is covered under an asset management plan and it follows a system approach especially where a number of assets are reliant and are. An overview asset liability management alm can be defined as a mechanism to address the risk faced by a bank due to a mismatch between assets and liabilities either due to liquidity or changes in interest rates. Developing an asset management strategy strategic asset management involves managing the capital investment towards a longterm program of increasing the roa. In its simplest form an asset management framework may just be the sum of the following documents. Asset management strategy a fiveyear plan 2018 2023. The asset management strategy is to enable the organisation to show. A framework for strategic infrastructure asset management. Bradley peterson abstract this article explores a broader vision for asset management than has been previously articulated and brands this vision strategic asset management sam. Strategic asset management framework strategic asset plan. Transportation asset management a framework for successful performancebased planning michael bridges, p. Framework an asset management framework has a number of components including. This asset management strategy formalises the process of providing a framework to guide the.
The highlevel, longterm approach to asset management, including asset management plans and objectives for managing assets. Asset management strategy 202017 doing things differently kccs asset management strategy sets the highlevel strategic framework for managing our. This asset management framework is an essential part of how. Guidelines for infrastructure asset management in local government iii dplg. Undersecretary office of management and finance louisiana department of transportation and development 1. This document has been published by the state of south australian department. Asset management documentation consists of the grid asset management policy, asset management strategy, lifecycle strategies planning, delivery, operations, maintenance and disposal, and fleet strategies. Asset management plan definition strategy framework. Against the background of a changing culture of information management, the new strategy is.
Samf overview dec 2017 final published on web jan 2018. A framework can help a company recognize deficits in key areas that need to be addressed before moving forward. The asset management strategy sets out the strategic framework to provide excellent housing and support services, invest in our homes and neighbourhoods, grow the organisation sensibly and continuously improve our financial strength. The samf 2014 2019 replaces the strategic asset management plan 20062011. Our asset management strategy asset management runs throughout our organisation, and our approach has been developed since we were established in 2015. Local government asset management better practice guide. The strategic asset management framework samf pdf, 258kb provides best practice guidelines for managing queensland government buildings, including. Developing an asset management strategy, policy and plans. A strategic asset management framework samf, ties an asset management. In conjunction with adoption of the asset management policy 2014, the first iteration of an asset management strategy was developed, in the form of a series of asset management improvement actions. Our approach to asset management is documented in a hierarchical structure that provides direct line of sight from external business drivers, through our corporate policies, to our asset management activities. Asset management is the generic process that seeks to ensure that land and buildings, as the asset base of an organisation, are structured in the best corporate interests of the organisation concerned. The framework could be a separate document and be referred to in this section.
We learn from what works well in other countries and sectors, to shape a positive asset management culture across our company, our suppliers and the highways sector. Comprehensive asset management strategy page 1 section 1 introduction 1. Strategic asset management framework university of tasmania. The guide has been prepared to provide greater currency to previously issued guidance material and reflects improved practices and. Success of an asset intensive organisation is based on adoption of high quality asset management practices and systems. It identifies the asset and related demand management measures upon which service delivery will depend. Strategic asset management plan framework overview. Auckland transport asset management framework 10 3 the asset management plan the purpose of the asset management plan the asset management plan amp is an umbrella document that gives effect to a range of other strategic and tactical planning documents. Producing an easytouse strategic asset management plan framework for queensland health.
Some of the notable achievements of the tamp include. This would include a strategic asset stewardship function within the city of calgary and formalization of partnerships with the private sector. An asset management framework is a set of documents, systems and processes that addresses an organisations asset management responsibilities in its simplest form an asset management framework may just be the sum of the following documents. Typically, more than one asset is covered under an asset management plan and it follows a system approach especially where a number of assets are reliant. Success of an asset intensive organisation is based on adoption of high quality. A tactical plan rendered for managing firms infrastructure along with other financial assets to ensure delivery of agreed standard of services is known as an asset management plan amp. Draft heritage asset management strategy framework model. Strategic property asset management framework cipfa. The strategic asset management framework samf is a guide for managing south australian government buildings and establishes a flexible and nonprescriptive guidance to agencies to assist in the appropriate management of their building asset portfolios.
This portfolio comprises all assets which are used to deliver services and administrate. Strategic asset management plan framework state development. Provincial treasury has an asset management framework, various asset management guidelines and a generic asset management policy which could be used by kzn provincial. A tactical plan rendered for managing firms infrastructure along with other financial assets to ensure delivery of agreed standard of services is known as an. Software asset management strategy software has become a critical asset to your company that must be managed properly to optimize your technology investments. Executive summary captures the essence of the strategy within the agency context. Asset management plan guidance and template version 1.
The strategies identified in this document are outlined in the following table. The information management strategy 20162019 helps to shape how we work with this information in a compliant environment, while acknowledging the challenges facing the council, in terms of capacity and capability. This document is the citys first consolidated strategic asset management plan samp. Asset management strategy 202017 doing things differently kccs asset management strategy sets the highlevel strategic framework for managing our property portfolio effectively over the next 3 to 5 years. A strategic asset management framework samf, ties an asset management organisation from end to end, and is targeted at improving efficiencies, effectiveness and overall performance whilst meeting the business objectives. Synopsis of iso 55000, 550001 and 55002 and other relevant standards. This document should be read in context with councils asset management plans. Asset management strategy developed to support the policy and to show the current situation, the desired state and what needs to be done to achieve that state. These factors are important across the queensland governments substantial portfolio of buildings. Camden council asset management strategy asset management. Asset management framework the framework could be a separate document and be referred to in this section. The estates investment portfolio has increased in size since the last asset management strategy was written 5 years ago and now contributes in the. Each asset management plan is a readable and userfriendly living document that is continuously improved to incorporate new information or changing requirements. Burbank stressed that it is important to assess the current level of data management maturity, and how this aligns with business goals.
The strategic asset management framework applies to all physical assets or groups of assets controlled by the public sector. The asset management plans, for each of the major asset groups, document. Corporate asset management strategy 20162021 stroud district. The asset management framework to the hiamp is a component document providing asset management information, which will be regularly updated to reflect the progress undertaken in asset management. Local government asset management better practice guide 2 introduction local government victoria lgv is pleased to release this better practice guide on local government asset management. The strategic fleet asset management plan covers all aurora energy fleet and plant assets. This strategic asset management plan samp is the strategic framework document for the management of the tasmanian state road infrastructure. The asset management strategy provides the link between the policy and asset management plans by recommending staged, prioritised improvements to be addressed over the next 4 years.
This new framework replaces our corporate property strategy 20072012. The leadership, policy and strategy elements, positioned at the top, are related to the broader application of running the entire company, as well as to the specific reference to the iso 55000. Asset planning in government is constantly improving and becoming more robust. The strategic asset management framework samf establishes highlevel strategic objectives desired business outcomes for the development. Strategic management is defined as the process of evaluation, planning, and implementation designed to maintain or improve competitive advantage.
An asset management framework is a set of documents, systems and processes that addresses an organisations asset management responsibilities. Asset management strategy northern beaches council. Total asset management plans were introduced in queensland in 2014 and, more recently, strategic asset management plans samps were adopted to help health organisations efficiently manage the services provided, through. Specific asset management practices for generation, distribution and transmission utilities. The strategic asset management framework samf establishes highlevel strategic objectives desired business outcomes for the development and management of the universitys physical environment and assets for the period 20142019. It applies to noncurrent assets physical and intangible controlled by agencies.
It is a highlevel strategic document that captures the relationship between organisational objectives and how these translate into asset. Asset management documentation consists of the grid asset management policy, asset management strategy. This asset management strategy forms a key role within the overall actewagl asset management framework and in ensuring a clear lineofsight between the companys activities on the ground, including asset interventions, and the overall energy networks organisation strategic plan. This document replaces the estates management strategy 20112015 and should be read in conjunction with the councils land and property rules. The board has among its many primary responsibilities is the establishment and monitoring of internal control systems and risk management. Pdf a framework for strategic infrastructure asset management.
Asset management introduction 1 amp framework the council has adopted a new asset management framework from 2016 which is intended to last us through the next 10 years. A corporate plan identifies an agencys overall purpose, service delivery goals, budget and capabilities particularly its workforce skills. Strategic 2014 asset management plan modern mindset. Asset management policy creating a framework for the provision of effective community infrastructure. Asset management framework this strategy, along with its partnering policy, sits within a wider policy and strategy. Strategic asset planning is inextricably linked to corporate planning. Asset management plans by recommending staged, prioritised improvements to be addressed over the next 4 years. This is a topdown function of setting a performance specification for each major operating unit, identifying the critical components of performance, and systematically improving the key.
Asset management should take into account the operational and the strategic management of the asset time dimension as well as. A look at how preventive maintenance programs help with asset management. Transportation asset management a framework for successful. The purpose of this asset management strategy is to describe how thh will ensure that assets are effectively managed and the income they generate is optimised so that we build and maintain desirable, sustainable homes for current and future generations.
It is a high level but very important document that guides the overall asset management activities within an organisation. Reinforces that effective heritage asset management should achieve a. Asset management strategy australian energy regulator. Strategic asset management plan 2005 7 renny duckett 1. The new framework comprises four separate elements as follows. New asset management plans are being established to further document the future management of assets. Development of a strategic asset management framework. It will guide our future strategic property decisions to ensure we manage our property portfolio sustainably and efficiently so. Coastline housing first implemented an asset management strategy in april 2002 and has maintained one ever since. It is designed to highlight the principles of, and need for, asset management and give broad guidelines in this regard.