🎯 Purpose & Vision

This strategy outlines a long-term action plan—spanning the next decade—to address critical needs in infrastructure management and plant maintenance. It emphasizes a collaborative, lifecycle-based approach to ensure assets are developed, maintained, and renewed in alignment with service standards and financial sustainability.

🧩 Strategic Foundations

• Asset requirements are driven by defined service levels and performance benchmarks.
• Financial resources are allocated to optimize infrastructure investment and operational efficiency.
• A long-term lifecycle approach governs asset operations, maintenance, and renewal planning.

👥 Building the Right Team

A successful Tangible Asset Management Strategy begins with a dedicated planning team. As the strategy evolves, implementation stakeholders must be integrated to ensure ownership, alignment, and seamless execution. A robust Enterprise Asset Management (EAM) system supports this by enhancing core functions like preventive maintenance and training.

🏛️ Executive Management

• Act as stewards of infrastructure and plant assets.
• Approve the Asset Management Strategy and monitor outcomes.
• Set corporate policy, service levels, risk, and cost standards.
• Ensure funding and resources are aligned with governance frameworks.
• Champion asset management awareness across the organization.

🧑‍💼 CEO & Directors of Finance & Technical Services

• Refine overarching Asset Management Policy linked to organizational plans.
• Implement strategy within agreed resources and monitor performance.
• Ensure accurate reporting to the Board for informed decision-making.
• Support multidisciplinary Asset Management Task Teams.
• Integrate stakeholder input into strategic planning.
• Advise on service levels, risk, and cost standards.

🧭 Asset Management Steering Committee (AMSC)

• Develop and implement plans for individual asset groups.
• Oversee tactical programs for maintenance, refurbishment, and capital works.
• Ensure community consultation and service delivery reporting.
• Maintain and update asset databases and statutory reports.
• Promote asset management awareness across all stakeholder groups.

🏢 Heads of Departments

• Serve as asset owners and lead task teams.
• Implement strategy and monitor performance within allocated resources.
• Provide asset valuations and ensure assets are fit for purpose.
• Conduct inspections and report on service level compliance.
• Recommend upgrades, renewals, and service level adjustments to AMSC.

🔧 Maintenance Service Providers

• Deliver inspection, maintenance, and upgrade services.
• Ensure assets meet defined service levels in the Service Agreement.