It applies to noncurrent assets physical and intangible controlled by agencies. The samf 2014 2019 replaces the strategic asset management. An introduction to asset management a simple but informative introduction to the management of physical assets by robert davis we are all asset managers. Fundamentals of asset management the enterprise asset management plan asset system summary 1. It describes the occs supervisory philosophy and processes and how they apply to the asset management. 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. An asset performance management maturity model is a systematic approach to analyzing an organizations asset management processes, technologies, capabilities, and systems. Asset management strategy and planning have been broken into two elements to make eleven due to their significance. Asset management office of the comptroller of the currency. 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. To successfully manage substation assets in accordance with powerlinks asset risk management framework, it is necessary to identify and manage a range of hazards and risks. Asset management decision framework metric dashboard for the business.
Choose your customers, narrow your focus, dominate your market by michael treacy and fred wiersema product differentiation operational competence customer responsive product leadership best product. For example, the state can insist that a company arrange regular value management workshops with the states project director and the asset user group to identify nonmaterial. Green impact investment guidelines june 2019 2 hsbc is committed to mobilising. This document is intended to be a resource on components that should be considered for inclusion in the amp. Arabic translation of the nist cybersecurity framework v1. Guidebook on real property asset management for local. Asset management competence framework the road network is a vital and valuable asset for the uk both economically and socially. Advanced competency self improvement questionnaire national.
An effective it asset management itam solution can tie together physical and virtual assets and provide management with a complete picture of what, where, and how assets are being used. The framework has been developed to recognize the diversity of bcs communities. Public asset management framework for local governments. The framework recognizes that asset management, and the best practices that support asset management, must be scalable to community size and capacity. Provincial treasury has an asset management framework, various asset management guidelines and a generic asset management. The asset management landscape is represented in diagram 1 below. Strategic asset management asset management is a collection of processes and practices, and the right combination can make the difference between consistent, reliable water service and system failures. In addition, the framework can be used to guide the management of many different types of risk e. It is designed to highlight the principles of, and need for, asset management.
It is important that this vital asset is managed by competent professionals in accordance with the latest code of practice wellmanaged highway infrastructure. Reference document guide to transport for nsw framework for. Ukrlg asset management competence framework excel files. For example, the state can insist that a company arrange regular value management workshops with the states project director and the asset. Alhasan, pmp, cissp,cisa, cgeit, crisc, cism and ali. 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. The framework focuses on desired outcomes rather than prescribing specific methodologies that allows local. It describes the occs supervisory philosophy and processes and how they apply to the asset management activities of national banks, including limited purpose trust banks, and federal savings associations. Guidelines for infrastructure asset management in local government iii dplg.
Which assets are critical to sustained performance. A corporate plan identifies an agencys overall purpose, service delivery goals, budget and capabilities particularly its workforce skills. This key purpose has to be achieved in 7 key roles. The 2012 framework defines the following key purpose for people working in asset management. At its most basic level, transportation asset management links user expectations for system condition, performance, and availability with. Pdf framework model for asset maintenance management.
Strategic enrolment management sem is an institutionwide process that coordinates marketing, student recruitment. It asset management itam is foundational to an effective cybersecurity strategy and is prominently featured in the sans critical security controls 1 and nist framework for improving critical infrastructure cybersecurity 2. It is designed to highlight the principles of, and need for, asset management and give broad guidelines in this regard. Hsbc global asset management green impact investment guidelines.
The document summarizes a variety of additional information related to asset management at the strategic level. Transit asset management state of good repair roundtable. 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. The latest isacas globally accepted framework cobit 5 is aimed to provide an endtoend business. Questions s te te ted opinion blank strategic long term plan core. The practices seek to acieve a balance between reliability, risk and efficiency. It will also provide the community with a clear indication of what is required to effectively manage its infrastructure assets. Provide an overview of the discipline of maintenance management.
Hsbc global asset management green impact investment. The role of powerlinks asset management system is to ensure the organisations assets are managed to optimise flexibility and costefficiency. The key 3 asset management documents hp reliability, an. In order to implement the organisations asset management strategy specific asset management. The framework has been approved as a key reference document providing guidance to local. Asset management provides a framework to make data driven decisions about how to operate, maintain, repair, rehabilitate, and replace assets. Followup and continuing steps the five core questions framework for asset management is the starting point for asset management. It identifies the asset and related demand management measures upon which service delivery will depend. Itam enhances visibility for security analysts, which leads to better asset. Reference document guide to transport for nsw framework.
This asset management framework allows council to accomplish the community strategic plan goals and meet its 10 year objectives, four year delivery targets and annual operational plans. For example, an agency that is responsible for the maintenance and development of a state road network will have measures from longterm contract guidance that specify the road conditions that should be achieved for a particular element of the. Each role is broken down into a small number of competence units, such as develop the asset management. Demonstrate the relevance of your itam program by using outcomeoriented metrics 11 about provance issue 1 it asset management. Use asset management to manage the agencys physical infrastructure, drive the budget development process, and support the agencys strategic plan. Itam enhances visibility for security analysts, which leads to better asset utilization and security. An asset management decisionmaking framework needs to be guided by performance goals, cover an extended time horizon, draw from economics as well as engineering, and consider a broad range of assets. An effective it asset management itam solution can tie together physical and virtual assets and provideagementman with a complete picture of what, where, and how assets are being used. The office of the comptroller of the currency occ defines asset management as the business of providing financial products or services to a third party for a fee or commission.
The maintenance management framework is primarily concerned with the management. An asset management framework there are five core questions in an asset management framework. It asset management itam is foundational to an effective cybersecurity strategy and is prominently featured in the sans critical security controls and nist framework for improving critical infrastructure cybersecurity. Towards an information management framework for public assets graham jordan a, mba, arun kumar b, ph.
This document covers the asset management methodologies applied to the life cycle of land assets linked to electrical infrastructure. The gartner enterprise information management framework value discipline framework adapted from the discipline of market leaders. Five core components of asset management the five core components of asset management are. Strategic asset management framework value management.
Asset management framework court services victoria. Develop a framework to improve the management of assets. The gartner enterprise information management framework. Strategic asset planning is inextricably linked to corporate planning. National assessment frameworks for asset management and. Provincial treasury has an asset management framework, various asset management guidelines and a generic asset management policy which could be used by kzn provincial. The document also considers associated network land assets for future use. Isaca develops and maintains the internationally recognized cobit framework, helping it professionals and enterprise leaders fulfil their it governance responsibilities while delivering value to the business. Each role is broken down into a small number of competence units, such as develop the asset management policy. Asset management plan definition strategy framework.
This booklet provides an overview of the asset management business, its risks, and sound risk management processes. Fundamentals of asset management 3 drawing from the am knowledge base this workshop is produced by ghd inc. A best practices guide introduction purpose this guide will help you understand. For example, the state can insist that a company arrange regular value management workshops with the states project director and the asset user group to identify nonmaterial changes to the approved facilities management works in order to achieve more. Asset management framework asset management governance structure guidance on how to develop these elements in your municipality can be found in chapters 2, 3 and 4. For each process outlined in the framework, this chapter provides. Opportunities and challenges for public asset managers conference paper pdf available january 2010 with 3,287 reads how we measure. How to develop an asset management policy, strategy and. Asset management firms and the funds that they manage transact with other financial institutions to trans fer risks, achieve price discovery, and invest capital globally through a variety of activities. What is the utilitys required sustained level of service. This guide explains how the transport for nsw tfnsw framework for asset configuration management, developed by the asset standards authority asa, can assist tfnsw, sydney trains and nsw trainlink agencies meet their safety duties in relation to the safe design. The last time you had your car serviced or decorated your house, you were managing an asset.
For example, an agency that is responsible for the maintenance and development of a state road network will have measures from longterm contract. Target audience this guide is intended for owners, managers, and operators of water systems. An introduction to asset management and asset management. The risk management framework can be applied in all phases of the system development life cycle e. At its most basic level, transportation asset management. Land asset methodology framework powerlink queensland. Typically, more than one asset is covered under an asset management plan and it follows a system approach especially where a number of assets. Cobit 5 isacas new framework for it governance, risk. In this case, the term asset management system equates to an asset management framework. The samf 2014 2019 replaces the strategic asset management plan 20062011. The asset management landscape is a framework to enable asset management knowledge and practices to be compared, contrasted and aligned around a common understanding of the discipline of asset management. Framework and the capital works management framework. The strategic asset management framework applies to all physical assets or groups of assets controlled by the public sector.
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