With a national spotlight on funding for public infrastructure, it is more important than ever for asset management professionals to construct plans for their organizations. An asset management plan is a business plan used so organizations can provide services to their community and accurately manage their infrastructure and assets. Not only does an asset plan allow for better communication when decision-making, but it also provides the tools so a business can plan how to manage its assets for the long term. Strategically making an asset management plan will provide the methodologies and tools to answer these questions about your assets:
- What assets do you have?
- How much do your assets cost?
- How do you repair and cost-effectively maintain those assets?