Strategic Asset Management – The Foundation For Organizational Resilience

Strategic asset management is a mental model that is based on the notion that physical infrastructure assets support business goals. This holistic perspective, which is endorsed by the BS 65000:2014 Guidance on Organizational Ressilience, considers asset management as one of the key capacities that can contribute to the organization’s resilience.

Effective maintenance can help you virtual data room services to keep your files secure achieve your goals, whether that’s to reduce downtime, lower repair costs, increase productivity, or improve equipment reliability. To do so it is essential to know the current performance of your assets and requirements. That means creating a thorough and precise inventory. Also, it is necessary to devise strategies for acquiring new assets, focusing on long-term value as well as alignment to business goals – and also for maintaining and extending the life of the existing ones.

Once you have a solid foundation that is solid, you are now ready to move from a reactive operation to a proactive one. This involves avoiding common pitfalls such as failing to align maintenance tasks and strategic goals, misinterpreting data, or not regularly comparing baseline report.

Avoid these pitfalls by incorporating your asset management strategy into a computerized maintenance management system (CMMS) that’s designed to connect the different elements of your operational puzzle. You’ll then have the transparency and visibility required to not only find areas for improvement, but also help you make your case when it’s time to justify the next budget request.