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.Â
Table of Contents
- Steps to create an effective asset management plan
- Write & champion your asset management plan
- Benefits of an asset management plan
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There is no one-size-fits-all approach for an organization managing its assets. When creating an asset plan, you must not get too technical since it can complicate your objectives. Instead, focus on a high-level analysis that provides the answers to the following questions:
- Where is your organization right now?
- What are your current options for the future?
- What do you want to achieve?
