data-driven methodologies for M&A analysis

By implementing a strategic approach for long-term maintenance and planning for operations asset management will better align physical assets to the company’s overall business goals. Instead of relying on existing budgets or guessing about the future requirements strategic asset management allows decision makers to make use of data on condition and to balance the requirements of service level with budgetary objectives for sustainable facilities and infrastructure.

This method is based on a team with a shared vision. The people who maintain and operate your assets are an essential element of the process since they know the equipment inside and out. They can provide valuable insight into the ways to improve procedures and processes, and have significant improvements to your asset management program. Having these employees involved from the beginning can also assist in ensuring that everyone is on the same page when defining your strategy.

A sound strategic asset management program starts with identifying and cataloguing all your assets, together with their locations, and their condition. This will help you identify your most valuable assets and make a list of the maintenance priorities. This information can be used to plan additional initiatives such as streamlining work orders and maximizing uptime.

Assessing the impact of asset-management decisions on your community is an important aspect. This involves weighing the immediate costs and benefits against the long-term savings and benefits, and taking note of their impact on the environment.