What Is Strategic Asset Management Planning?

So what does strategic infrastructure asset management planning do?

It looks at a high level, at a long way up, 10 to 30-year plus analysis period. And it takes a look at the big picture and the big trends.

So you are not looking at micro or projects or even a 10-year look at an asset plan or anything like that.

You’re saying, hey, what are some of the big demographic and population changes? Where are the growth and decline?

What’s happening or what’s likely to happen with climate change and how do we adapt to that?

And then in some cases, that’s going to mean abandoning towns and cities, I think before we finish. Or else doing what the Dutch have done, putting in massive protection.

Technology changes are driving a huge amount of change and right across the side of it is also, in terms of infrastructure and societal changes as well.

And then the other thing that Strategic Asset Management Planning does is it integrates with – if you’ve got national infrastructure plans, long-term water or environment management plans, longer-term legislation.

So to that level stuff, policy stuff.

Relationship between key elements of an asset management system

Just looking at our diagram from the ISO again. So the strategic stuff is all up from this part here.

So when we’re looking at asset plans, master plans, this layer is what you call tactical. Your implementation is here, your operational level. Your tactical planning is your 10-year planning, that’s in that area.

This is the 10 to 30 plus year up at the top of this diagram in this tree. So, we’re talking about the stuff, the policies and asset management strategy and asset management strategy thinking.

You have to do it. If you are trying to do an asset plan without doing this stuff, you don’t have the context for your asset plan.

So, you’ll come up with the wrong conclusions and on your asset lifecycle plan.

So, it all fits together in a continuum from your governance and decision-making, your policies, strategies right down to, hey, I’m building a project and then the project coming back up informing the other stuff as well.

So, the thing is they do fit together and they all have a place in the hierarchy.

AMP Structure

Just to remind you of the structure of your asset plan again from earlier.

And so, at the end of the day, our strategic stuff sitting above this and it’s informing levels of service, it’s informing the strategies, it’s informing demand, it’s informing the life cycle management, risks, and then it’s informing the financials as well.

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