Strategic Asset Management – A Framework For Consistent, Repeatable, and Transparent Decision-Making
To achieve your company’s goals, you need an understanding of your assets and how they function together. Strategic asset management is a process that allows transparent, consistent and repeatable decision-making based on an assessment of the benefits, costs and the risks associated with physical assets throughout their lifespan. Find functional interdependencies that can be prioritized for preventive maintenance and decrease the amount of downtime that is not planned and the cost of repairs. Maximize your value by determining the optimal balance of cost, performance, and risk across your entire infrastructure portfolio.
The strategic asset management is a suite of digital tools, documents and processes that are thorough and detailed. It aligns physical infrastructure investments to the company’s strategic goals. It starts with a thorough analysis of top-down investment options for physical infrastructure. This includes balancing capital and operational expenditures from a total cost (TOTEX) standpoint, using information on the condition of assets, and taking into account the current state of service and community requirements.
The process can also be used to inform the planning of resources, staffing, and upgrade or replacement plans with the right data. It can also be used to streamline your work orders, reduce downtime and increase the efficiency of your operation team.
The process can be used to develop an action plan that maximizes asset utilization in order to achieve sustainability goals. This can be accomplished through strategies like load balancing and asset sharing. It may also require the implementation of new contracts or reviewing current ones with suppliers or contractors in order to improve the efficiency of energy and environmental performance.
virtual data rooms for strategic document control
He is a Commerce Graduate and holds Master degree in Economics and Finance.
He carries exceptional experience in spearheading high-end external audits, forensics engagements and In-Country Value (ICV) certifications. In hand a combined rich experience of more than a decade in audits, investigations, ICV advisories and corporate training. His portfolio contains industries’ experience relating to Oil and Gas, Real Estates, Hospitality, Construction, Consulting and Engineering, Education, FMCG and Non for-profit Organization which contains listed entities and public sector external audit engagements.
He is engaged in corporate trainings relating to IFRSs, ISAs and fraud investigation tools and techniques, hence throughout his career, he has a privilege of speaking on audit and financial reporting matters at both national and international platforms.
He is an approved Mentor of Association of Certified Fraud Examiners (ACFE), USA. He is engaged with different educational Institutes for the provision of professionals' qualifications and is hosting seminars/webinars globally for the audit and accounts fraternity.
He has authoreda book in the name of “IFRS Glimpse (IG)” and has published many articles on IFRSs.
- test title - December 4, 2024
- Mergers and Acquisitions – How to Choose the Best Data Room Service Providers - July 29, 2024
- How to Make the Most of Data Room Technology - July 28, 2024
Stay connected