Management > LECTURE NOTES > 12515 Strategic Asset Management: Lecture 4 – Property & Facilities Management (All)

12515 Strategic Asset Management: Lecture 4 – Property & Facilities Management

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STRATEGIC ASSET MANAGEMENT ROLE DEFINITION Strategic Asset Management is about decision-making: • which assets to increase • what to reduce • what to modify all in order to provide right se... rvices in the right place at the right time – effectively. With Strategic Asset Management, the key prior question is what service is to be provided. This will to be determined, with costs, iteratively. Strategic asset managers provide five basic services: • Total asset management (broad-scale policy and procedures) • Determine which assets to change (acquisition and disposal) • Establish performance requirements (of assets & asset service contractors) • Determine information requirements • Monitor, evaluate and plan. [Show More]

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