2015•Unpublished venueRequires access
Asset Management Planning
Malawi Ngwira, David Manase
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Abstract
This chapter examines the second element of asset management, namely asset management planning. The examination includes defining the concept and identifying the process elements that comprise it. The processes associated with asset management planning are identified as including formulation of asset management policy and strategy development; putting in place an asset management team; asset management tactical planning; and operational planning. Asset management tactical planning is described by NAMS (2006a) as being concerned with the application of detailed asset management processes, procedures and standards to develop sub-plans that allocate resources to achieve strategic goals through meeting defined levels of service. An effective asset management monitoring process requires that the public sector organisation should benchmark its asset management practices. The process of asset management audit and review is directed at the implemented programme or strategy.