An Integrated Approach to Strategic Asset Management

Brown, Kerry and Laue, Martin and Tafur Segura, José Javier and Mahmoo, Muhammad Nateque and Scherrer, Pascal and Keast, Robyn (2012). An Integrated Approach to Strategic Asset Management. In: "Third International Engineering Systems Symposium CESUN 2012", 18/06/2012 - 20/06/2012, Delft (Holanda). pp. 1-17.

Description

Title: An Integrated Approach to Strategic Asset Management
Author/s:
  • Brown, Kerry
  • Laue, Martin
  • Tafur Segura, José Javier
  • Mahmoo, Muhammad Nateque
  • Scherrer, Pascal
  • Keast, Robyn
Item Type: Presentation at Congress or Conference (Article)
Event Title: Third International Engineering Systems Symposium CESUN 2012
Event Dates: 18/06/2012 - 20/06/2012
Event Location: Delft (Holanda)
Title of Book: Third International Engineering Systems Symposium CESUN 2012
Date: 18 June 2012
Subjects:
Freetext Keywords: Integrated strategic asset management, service delivery planning , knowledge management, organisational management
Faculty: E.T.S.I. Aeronáuticos (UPM)
Department: Ingeniería de Organización, Administración de Empresas y Estadística
Creative Commons Licenses: Recognition - No derivative works - Non commercial

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Abstract

This paper focuses on identifying and analysing the elements of Strategic Management for infrastructure and engineering assets. These elements are contended to involve an understanding of governance, corporate policy, corporate objectives, corporate strategy and interagency collaboration and will in turn, allow the ability determine a broader and more comprehensive framework for engineering asset management, ie a ‘staged approach’ to understanding how assets are managed within organisations. While the assets themselves have often been the sole concern for good management practices, other social and contextual elements have come into the mix in order to promote strategic asset management. The development of an integrated approach to asset management is at the base of the research question. What are the considerations and implications for adopting and implementing an integrated strategic asset management (ISAM) framework? While operational matters have been given prominence, a subset of corporate governance, Asset Governance, details the policies and processes needed to acquire, utilise, maintain and account for an organisation’s assets. Asset governance stems from the organisation’s overarching corporate governance principles; as a result it defines the management context in which engineering asset management is implemented. This aspect will be examined to determine the appropriate relationship between organisational strategic management and strategic asset management to further the theoretical engagement with the maturity of strategy,policy and governance for infrastructure and engineered assets. Asset governance stems from the organisation’s overarching corporate governance principles; as a result it defines the management context in which engineering asset management is implemented. The research proceeds by a document analysis of corporate reports and policy recommendations in terms of infrastructure and engineered assets. The paper concludes that incorporating an integrated asset management framework can promote a more robust conceptualisation of public assets and how they combine to provide a comprehensive system of service outcomes.

More information

Item ID: 20733
DC Identifier: http://oa.upm.es/20733/
OAI Identifier: oai:oa.upm.es:20733
Official URL: http://cesun2012.tudelft.nl/wiki/index.php/Main_Page
Deposited by: Memoria Investigacion
Deposited on: 09 May 2014 16:45
Last Modified: 22 Sep 2014 11:21
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