Strategic Asset Management – The Foundation For Organizational Resilience

Strategic asset management is an organizational approach which is based on the notion that physical infrastructure assets can be used to achieve business objectives. Asset management is an essential ability in this holistic perspective, which is endorsed by the BS 65000 guidelines for Organizational resilience.

Effective maintenance can help you reach your goals, whether that’s to reduce downtime, lower repair costs, improve productivity or increase the reliability of your equipment. To achieve this you must be aware of the performance of your current assets and requirements. This involves creating a precise Real Estate Project and complete inventory. It also involves establishing strategies for the acquisition of new assets – with an emphasis on the long-term value and aligning with business goals – as well as strategies for maintaining and extending the life of existing ones.

Once you have established a solid base, you must be prepared to make the shift from reactive to proactive operations. This means avoiding common pitfalls that many organisations fall into, like not aligning maintenance activities with strategic goals or misinterpreting data or performing regular comparisons of baseline reporting.

You can avoid these mistakes by integrating your strategy for asset management into a computerized Maintenance Management System (CMMS), which is designed to connect all the pieces of your operation puzzle. Then, you’ll have the transparency and visibility required to not only spot opportunities for improvement but also to strengthen your argument when it’s time to justify the next budget request.