Asset management

Table of Contents

6.1 Identify Improvement Actions

The asset management improvement process should identify weaknesses in asset management practices, systems and data, and scope forward improvement tasks on an ongoing continuous improvement cycle. The process should ensure that people are appropriately trained in asset management and that their skills are aligned with achieving the overall asset management objectives. The outcome should be a list of improvement actions to close the gaps.

There are many ways to identify improvements in an agency and they arise from multiple sources whether it is a formal or informal process. For example:

  • asset management maturity assessments
  • management reviews
  • asset management audits
  • operational reviews
  • valuation reports.