An integrated approach to strategic asset management

Brown, Kerry and Laue, Martin and Tafur, Javier and Mahmood, Muhammad Nateque and Scherrer, Pascal and Keast, Robyn (2014) An integrated approach to strategic asset management. In: Infranomics: sustainability, engineering design and governance. Topics in Safety, Risk, Reliability and Quality , 24. Springer International Publishing, Switzerland, pp. 57-74. ISBN 978-3-319-02492-9

Abstract

This chapter focuses on identifying and analysing the elements of Strategic Management for infrastructure and engineering assets and asks: what are the considerations and implications for adopting and implementing an integrated strategic asset management framework? We contend that corporate governance, policy, objectives and strategy as well as interagency collaboration should be considered as elements in a ‘staged approach’ to understanding how assets are managed within organisations. This will allow for a more comprehensive framework for engineering asset management that considers social and contextual elements. Asset governance details the policies and processes needed to acquire, utilise, maintain and account for an organisation’s assets. It stems from corporate governance principles and defines the management context in which engineering asset management is implemented. This will be examined to determine the appropriate relationship between organisational strategic management and strategic asset management to further the theoretical engagement with the maturity of strategy, policy and governance for infrastructure and engineered assets. The chapter draws on a document analysis of corporate reports and policy recommendations in terms of infrastructure and engineered assets. The chapter concludes that incorporating an integrated asset management framework can promote a more robust conceptualisation of public assets and how they combine to provide a comprehensive system of service outcomes.


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Item Type: Book Chapter (Commonwealth Reporting Category B)
Refereed: Yes
Item Status: Live Archive
Additional Information: Permenent restricted access to Published Version due to publisher copyright policy.
Faculty / Department / School: Current - Faculty of Health, Engineering and Sciences - School of Civil Engineering and Surveying
Date Deposited: 03 Nov 2014 07:25
Last Modified: 18 Sep 2018 05:30
Uncontrolled Keywords: integrated strategic asset management, service delivery planning , knowledge management, organisational management
Fields of Research : 09 Engineering > 0905 Civil Engineering > 090505 Infrastructure Engineering and Asset Management
16 Studies in Human Society > 1605 Policy and Administration > 160510 Public Policy
12 Built Environment and Design > 1205 Urban and Regional Planning > 120505 Regional Analysis and Development
Socio-Economic Objective: E Expanding Knowledge > 97 Expanding Knowledge > 970109 Expanding Knowledge in Engineering
E Expanding Knowledge > 97 Expanding Knowledge > 970112 Expanding Knowledge in Built Environment and Design
Identification Number or DOI: 10.1007/978-3-319-02493-6_5
URI: http://eprints.usq.edu.au/id/eprint/24950

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