Economics > LECTURE SLIDES/NOTES > Strategic Asset Management | TACTICAL IMPLEMENTATION OF ASSET MANAGEMENT (All)

Strategic Asset Management | TACTICAL IMPLEMENTATION OF ASSET MANAGEMENT

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Strategic Asset Management | TACTICAL IMPLEMENTATION OF ASSET MANAGEMENT Objective of exercise  Why are you doing this, what do you have to achieve Understanding of link to service delivery �... �� What is the purpose of the asset in supporting service Plan approach  Is a high level sample approach sufficient  Is a detailed asset model required Get Support  Business case/costs/benefits  Champions Activities Refer to Corporate Strategic Plan What strategies does the corporate strategic plan identify and exactly how do the facilities support those strategies? Are there any capital projects or initiatives being considered by the Executive which need to be considered in any future asset planning? Draft a paper describing the link between the facility and corporate strategy, as standalone initially to get support and input from the Executive. onfirm any parameters related to your strategy: e.g. budget, politics, timing constraints, etc. Determine the priority for work applying risk management principles – e.g. risk to safety, revenue. Try to get the cost profiles to match the parameters and meet priorities by carrying out various scenarios on your model When you get the numbers to balance you write up the decisions you made and this forms the basis of your strategy. Define KPIs which reflect your strategy. Activities You would probably be well aware of these parameters but it might help to discuss them with senior management to see what flexibility may exist to help with your strategy development. Ensure that recommendation of any heritage report and similar documents are reflected in the strategy. [Show More]

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