Understanding and implementing strategic asset management at the University of Southern Queensland

Article


Povey, David and Peach, Neil. 2013. "Understanding and implementing strategic asset management at the University of Southern Queensland ." Facilities. 31 (7/8), pp. 343-356. https://doi.org/10.1108/02632771311317484
Article Title

Understanding and implementing strategic asset management at the University of Southern Queensland

ERA Journal ID35980
Article CategoryArticle
AuthorsPovey, David (Author) and Peach, Neil (Author)
Journal TitleFacilities
Journal Citation31 (7/8), pp. 343-356
Number of Pages14
Year2013
PublisherEmerald
Place of PublicationBingley, W Yorks. United Kingdom
ISSN0263-2772
1758-7131
Digital Object Identifier (DOI)https://doi.org/10.1108/02632771311317484
Web Address (URL)http://www.emeraldinsight.com/journals.htm?articleid=17088300&show=abstract
Abstract

Purpose: This paper aims to outline an implementation model and framework for those facilities management (FM) professionals who are seeking to enhance the strategic role of FM within their organisations, through the development of strategic asset management (SAM). Design/methodology/approach: The project was implemented using an action research framework to capture key outcomes and findings at the same time as formal project management techniques were used to govern activities and actions across multiple dimensions.
Findings: As a result of the project, the University of Southern Queensland has significantly matured in its understanding of its real estate portfolio. In particular it has now recognised the importance of appropriate and effective investment, optimal utilisation of space, the latent opportunities residing within an under utilised or 'lazy' portfolio and the significance of SAM in support of organisational objectives and priorities.
Research limitations/implications: This case study provides information, observations and learning that can be applied in other organisations seeking to develop a SAM focus. These outcomes cover the technical, political, structural, and change management aspects of implementing SAM. Originality/value: The paper provides guidance on the considerations, implementation experiences and lessons of an organisation with extensive and diverse physical assets engaged with an enterprise level upgrade of its asset management philosophy and practice. This paper comments on a number of organisational dimensions that go beyond the traditional technical areas.

Keywordsfacilities; organizational change; property management; strategic asset management
ANZSRC Field of Research 2020400508. Infrastructure engineering and asset management
350208. Investment and risk management
350711. Organisational planning and management
Public Notes

Copyright Emerald Group Publishing Limited. Published version deposited in accordance with the copyright policy of the publisher.

Byline AffiliationsCampus Services
Faculty of Arts
Institution of OriginUniversity of Southern Queensland
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