• Novice
  • Aware
  • Competent

Business AM Teams

The business asset management teams manage the assets.

The development of these teams aims for a multi disciplined, multi skilled workforce that wherever possible combines operations and maintenance activities for all assets.

These groups will act as general practitioners of the assets under their control, retaining sufficient skills and staff to effectively operate and maintain these assets and to draw on expert specialist advice as required.

The roles of staff involved in these teams includes:

  • Trades persons
  • Supervisors
  • Managers
  • Engineers
  • Project and contract managers
  • Asset management specialists (eg failure mode planning, risk managers etc).

The managers of these groups will need to be vigilant to ensure that the appropriate asset management skills levels are established and maintained within their groups.

Some of the key functions of these teams include:

  • Facilitate effective management and maintenance of assets
  • Determine asset development, acquisition and disposal requirements and priorities
  • Reflect the identified form and growth of the required service and assist in forecasting the cost of growth
  • Provide appropriate input into long term financial strategies, funding policies and annual plans
  • Operate within the organization's quality assurance guidelines
  • Meet all legal obligations.

Across these groups an asset management committee is often formed, especially in large and geographically dispersed organizations.

A representative from the Asset Management Steering Committee will also be a member of this group.

The main objectives of this committee are:

  • To hold regular meetings and establish ways of sharing information among asset managers
  • To raise the organizational awareness of asset management planning and its integration with other planning processes
  • To provide training and education for asset managers
  • To ensure that service levels are agreed and specified between policy and service delivery arms of the organization for the purpose of asset management planning
  • To facilitate the refinement of basic asset management plans and the development of advanced asset management plans as the organization matures
  • To communicate and share knowledge.

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