Management Setup Phase
The management setup phase can consume 15 - 25% of the resources required for asset management, but it is a vital step and will include some or all of:
- A needs analysis study including the estimation of resources, benefits and the setting up of a priority program
- Developing the draft inventory systems to identify all of the assets the organization holds and the relative levels or classifications of those assets
- Developing the coding or numbering system for the categories and classifications of assets.
The management setup phase will have three parts to it:
- The corporate issues and the guidelines being set up for the whole of the organization
- The equivalent guidelines and principles to be adopted with respect to each of the individual asset groups
- The various activities related to asset management: financial, economic, long term strategic (predictive) planning or day to day maintenance and operations.