Doing more with less: Taking a more holistic approach to asset management
While the concept of asset management may be nothing new to infrastructure owners, operators and investors, the past decade has seen a significant evolution in the way that asset management planning is conducted and encouraged. Our experience suggests that the key to successful and sustainable asset management lies in the ability of organizations to bring a more holistic approach to their infrastructure planning and decision-making process. Yet, many are finding that to be easier said than done. As we noted in our recent 10 Emerging Trends for Infrastructure in 2015 report, the need for improved asset management has jumped up the agenda. In some markets, the discourse has been led by regulatory pressure, largely focused on public accounting and risk reduction, and targeted towards those sectors deemed most critical. Effective asset management planning can identify and guide the actions needed to achieve and support sustainable service delivery within the infrastructure sector. This article offers several proactive steps a company can take in implementing a comprehensive asset management planning process.