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An integrated approach to strategic asset management

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posted on 2014-01-01, 00:00 authored by K Brown, M Laue, J Tafur, Nateque MahmoodNateque Mahmood, P Scherrer, R Keast
This chapter focuses on identifying and analysing the elements of Strategic Management for infrastructure and engineering assets and asks: what are the considerations and implications for adopting and implementing an integrated strategic asset management framework? We contend that corporate governance, policy, objectives and strategy as well as interagency collaboration should be considered as elements in a ‘staged approach’ to understanding how assets are managed within organisations. This will allow for a more comprehensive framework for engineering asset management that considers social and contextual elements. Asset governance details the policies and processes needed to acquire, utilise, maintain and account for an organisation’s assets. It stems from corporate governance principles and defines the management context in which engineering asset management is implemented. This 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. The chapter draws on a document analysis of corporate reports and policy recommendations in terms of infrastructure.

History

Title of book

Infranomics

Volume

24

Series

Topics in safety, risk, reliability and quality

Pagination

57 - 74

Publisher

Springer

Place of publication

Cham, Switzerland

ISSN

1566-0443

eISSN

2215-0285

ISBN-13

978-3-319-02493-6

Language

eng

Publication classification

B1.1 Book chapter

Copyright notice

2014, Springer International Publishing Switzerland

Editor/Contributor(s)

A Gheorghe, M Masera, P Katina

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