An integrated approach to strategic asset management
Edited book (chapter)
Chapter Title | An integrated approach to strategic asset management |
---|---|
Book Chapter Category | Edited book (chapter) |
ERA Publisher ID | 3337 |
Book Title | Infranomics: sustainability, engineering design and governance |
Authors | Brown, Kerry (Author), Laue, Martin (Author), Tafur, Javier (Author), Mahmood, Muhammad Nateque (Author), Scherrer, Pascal (Author) and Keast, Robyn (Author) |
Editors | Gheorghe, Adrian V., Masera, Marcelo and Katina, Polinpapilinho F. |
Volume | 24 |
Page Range | 57-74 |
Series | Topics in Safety, Risk, Reliability and Quality |
Number of Pages | 18 |
Year | 2014 |
Publisher | Springer |
Place of Publication | Switzerland |
ISBN | 9783319024929 |
9783319024936 | |
ISSN | 1566-0443 |
Digital Object Identifier (DOI) | https://doi.org/10.1007/978-3-319-02493-6_5 |
Web Address (URL) | http://link.springer.com/chapter/10.1007/978-3-319-02493-6_5 |
Abstract | This chapter focuses on identifying and analysing the elements of Strategic Management for infrastructure and engineering assets and asks: what are the considerations and implications for adopting and implementing an integrated strategic asset management framework? We contend that corporate governance, policy, objectives and strategy as well as interagency collaboration should be considered as elements in a ‘staged approach’ to understanding how assets are managed within organisations. This will allow for a more comprehensive framework for engineering asset management that considers social and contextual elements. Asset governance details the policies and processes needed to acquire, utilise, maintain and account for an organisation’s assets. It stems from corporate governance principles and defines the management context in which engineering asset management is implemented. This will be examined to determine the appropriate relationship between organisational strategic management and strategic asset management to further the theoretical engagement with the maturity of strategy, policy and governance for infrastructure and engineered assets. The chapter draws on a document analysis of corporate reports and policy recommendations in terms of infrastructure and engineered assets. The chapter concludes that incorporating an integrated asset management framework can promote a more robust conceptualisation of public assets and how they combine to provide a comprehensive system of service outcomes. |
Keywords | integrated strategic asset management, service delivery planning , knowledge management, organisational management |
ANZSRC Field of Research 2020 | 400508. Infrastructure engineering and asset management |
440709. Public policy | |
330406. Regional analysis and development | |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | Southern Cross University |
Polytechnic University of Madrid, Spain | |
Queensland University of Technology | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q2544/an-integrated-approach-to-strategic-asset-management
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