Understanding and implementing strategic asset management at the University of Southern Queensland

Povey, David and Peach, Neil (2013) Understanding and implementing strategic asset management at the University of Southern Queensland. Facilities, 31 (7/8). pp. 343-356. ISSN 0263-2772

Abstract

Purpose: This paper aims to outline an implementation model and framework for those facilities management (FM) professionals who are seeking to enhance the strategic role of FM within their organisations, through the development of strategic asset management (SAM). Design/methodology/approach: The project was implemented using an action research framework to capture key outcomes and findings at the same time as formal project management techniques were used to govern activities and actions across multiple dimensions.
Findings: As a result of the project, the University of Southern Queensland has significantly matured in its understanding of its real estate portfolio. In particular it has now recognised the importance of appropriate and effective investment, optimal utilisation of space, the latent opportunities residing within an under utilised or 'lazy' portfolio and the significance of SAM in support of organisational objectives and priorities.
Research limitations/implications: This case study provides information, observations and learning that can be applied in other organisations seeking to develop a SAM focus. These outcomes cover the technical, political, structural, and change management aspects of implementing SAM. Originality/value: The paper provides guidance on the considerations, implementation experiences and lessons of an organisation with extensive and diverse physical assets engaged with an enterprise level upgrade of its asset management philosophy and practice. This paper comments on a number of organisational dimensions that go beyond the traditional technical areas.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Copyright Emerald Group Publishing Limited. Published version deposited in accordance with the copyright policy of the publisher.
Faculty / Department / School: Current - USQ Other
Date Deposited: 06 Jun 2013 22:51
Last Modified: 11 Jul 2014 06:12
Uncontrolled Keywords: facilities; organizational change; property management; strategic asset management
Fields of Research : 09 Engineering > 0905 Civil Engineering > 090505 Infrastructure Engineering and Asset Management
15 Commerce, Management, Tourism and Services > 1502 Banking, Finance and Investment > 150205 Investment and Risk Management
15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150312 Organisational Planning and Management
Socio-Economic Objective: E Expanding Knowledge > 97 Expanding Knowledge > 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
Identification Number or DOI: 10.1108/02632771311317484
URI: http://eprints.usq.edu.au/id/eprint/23578

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