Property Asset Planning Part 2
How to develop an asset management plan
This guide is Part Two of our two-part guide about asset planning. It is useful for organisations that own or operate assets in a services-based environment. Part Two is focused on how to develop an asset management plan. Part One provided an overview of the key considerations for developing an asset management plan.
An asset management plan (AMP) describes how an organisation will use it’s infrastructure and other assets to deliver the services required. While this sounds pretty dry, it is far more important to organisational success than many believe. A good AMP articulates links between organisational strategy and goals, with the physical assets that are essential to achieving service delivery outcomes and strategic objective. It highlights the critical infrastructure that supports the business and sets out the ways in which organisational risk due to asset failure is managed. Finally, an AMP identifies how assets achieve services and service standards. It sets out a plan for acquisition, management and disposal of those assets that optimises cost and minimises risk. The AMP links services and strategy to operational budgets and plans.
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