“Assets should be just that, and yet so often they seem more like liabilities.”
Managing your assets to achieve maximum benefit
Owners are increasingly discovering that unless they systematically plan and manage their assets they will quickly become liabilities.
Strategic asset management (SAM) is a structured methodology which considers four major aspects, be the asset a building or other type of facility.
• Business case: the need for asset;
• Sustainability / environmental consideration to avoid negative environmental impact;
• Business continuity / risk assessment: - ensuring business sustainability and the associated risks;
• Statutory / legislative compliance - meeting relevant codes and regulations.
The intent is to create an asset that meets all requirements of these considerations and that retains design capacity and efficiency throughout its intended life cycle.
SAM applies equally to existing assets as to planned ones. It can be linked to conditions such as climate change effects, diminishing energy and water resources and escalating costs, allowing owners to improve long-term sustainability of the assets and prolong their useful life.
SAM’s usefulness as a critical management tool applies to both public and private organisations . It is vital in Private – Public Partnership (PPP) projects where assets must be sustained throughout the period of development and ultimately transferred into public ownership in a pre-determined condition.
SAM provides an owner with confidence, method and enhanced asset value. The only way this value can be demonstrated is by having a SAM plan developed and implemented throughout the life cycle of this asset.
The really good news is that it’s only a phone call away and the excellent news for asset owners and managers, is that Hyder will, by applying SAM ensure that those assets deliver maximum value to an organisation.