Objectives
Twofold: justification and optimization
- Justification - to give visibility of the costs and benefits associated with providing the agreed standard of service.
- Optimisation - to minimize the whole-life cost, including the operation, maintenance and replacement or disposal of each asset in the system.
Clearly for either of the above to work, the Standard of Service needs to be defined (in a measurable way) for each asset in an asset system.
The first part can be achieved relatively quickly, and is necessary before the decentralization of decision-making around maintenance and replacement can really occur, but the second requires ongoing work in local teams, together with better guidance from the center.
An Asset Management Plan should take a "horses for courses" approach - not a one size fits all, but needs based - taking into account the basic information required. Beyond this, it should be built upon by the local asset manager according to local needs. A fully developed Asset Management approach usually requires a number of iterations of the AMP, and needs to be reviewed more frequently for more complex systems, especially asset systems where the average annual cost required to provide the agreed standard of service is high.
Read more about this topic: Asset Management Plan
Famous quotes containing the word objectives:
“Along the journey we commonly forget its goal. Almost every vocation is chosen and entered upon as a means to a purpose but is ultimately continued as a final purpose in itself. Forgetting our objectives is the most frequent stupidity in which we indulge ourselves.”
—Friedrich Nietzsche (1844–1900)