principles of asset management pdf

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4.3 Determine the scope of the asset management system 4.4 Asset management system 5 Leadership 5.1 Leadership and commitment 5.2 Policy 5.3 Organizational roles, responsibilities and authorities 6 Planning 6.1 Actions to address risks and opportunities for the asset management system 6.2.1 Asset management … trailer x���1 0ð��\Gb_��=ӓIR,�W��9��sx��9���� J$i endstream endobj startxref Asset Management Framework Version 3.3 April 04 - 4 - Framework Purpose The purpose of this document is to introduce the concept of asset management. endstream endobj 1970 0 obj <>/Size 1960/Type/XRef>>stream principles asset management policy asset management principles • Support DOE’s missions and strategic goals. 10 PRINCIPLES OF EFFECTIVE INVESTING 1. The key principles and attributes of successful asset management (see Figure 1 ) can be explained as follows: holistic : looking at the whole picture, i.e. h�b```�L6�iB ��ea��Qha`�`h`Q`��� I6����(3,V�=��*���C�[��M,�Am�����gX�?��j�+`�are�u��� 2��V���W��Z��-+m檴�]�P���\�g1�y��9M�G���X�d3��s�S�&8,�r.�+=�̕v��0�[q�\ㇴ�����i���ρ q���o% �23Ǡ�$dK8dsya����ϵ)@ dK;�q=� �€*H8�sJm�p��[@ڄ����10tt40Xt0pt00(�e�x@� �� ��%%�H�����"� 2��Aآ*�F`R4(V� Y��j�����'� %%EOF H���Ko�0���>&HM��CBH����6-�C��0ʴ�?�ZƐvI�����_���G��(�tz�>����(�gl܂�iX���[l8��W��}�(i�=C�"&��n A&B�n*Zy�m�B���*j��'���hVM��! %PDF-1.7 %���� Asset Management involves the balancing of costs, opportunities, and risks against the desired performance of assets, to achieve the organisational objectives. Assets … endstream endobj 324 0 obj <>>> endobj 325 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageC]/Properties<>>>/XObject<>>>/Rotate 0/TrimBox[0.0 0.0 280.63 595.276]/Type/Page>> endobj 326 0 obj <>stream • Use public and commercial benchmarks and best practices. It includes a section on information technology for asset management… Market Participation is Important 4. EPA’s 10-Step Asset Management Process and MAP-21 Have Many Similar Elements Category EPA 10 Step Process DOT 8 Step Process Asset Inventory & Condition Assessment 1 & 2 1 Program Objectives and Level of Service 5 2 & 3 Residual Life Determination 3 3 Life Cycle Costs 4, 7 & 8 4 Gap Analysis 5 3 Risk Management … July 20, 2015 . • Dispose or repurpose unneeded assets. Jason Bittner, MPA . 1960 12 ]���GAɅs�C�J���k��:-8x��O�O�a�{�D�v ��N�#- ���굕��]����c"S�����ё�!�V�M� ��ea��)-�O�)������$azF|#P�2��M����JmK���0I�g�Q�;:ɲ���^n��L��}�N6�N��֊�26<>9S��A�C�r�)�`��r9� �hA�Cgv��M�t��x �7`��J�W� Corporate Restructures: Corporate Mergers and acquisitions and take-over’s-Types of Mergers, motives for mergers, Principles … This means that an organization must consider the combination of its different asset types. endstream endobj 1961 0 obj <>/Metadata 293 0 R/Pages 292 0 R/StructTreeRoot 295 0 R/Type/Catalog/Lang(en-US)>> endobj 1962 0 obj <>/MediaBox[0 0 720 540]/Resources<>/ProcSet[/PDF/Text]>>/Type/Page>> endobj 1963 0 obj <>stream View 7: Seven principles of asset management . Principles of Asset Management AASHTO Subcommittee on Maintenance Bridge Technical Working Group . It is designed to highlight the principles of, and need for, asset management … 0000001881 00000 n Investment Solutions from Northern Trust Asset Management. 0 Market Participation is Important 4. the principles key decision makers should use to effectively create, develop, operate and decommission their assets; It lists the characteristics of civil engineering infrastructure assets, key challenges and ways to address the key challenges. 0000003576 00000 n x�b```b``nf`2v22 � P�������J�H%�haaH� 2X[���^Z�n��f��!&��� q���9pf��0}��gLlLs���@�P��Z.�=�9s���+8$�������s�x��9 1��l�L�� 0000002266 00000 n 5�|�Rް�vE+˽w"F�'����x޴��m����`2�s�8\|��#"a��(h������Z �b�s3lB::��x4u�J��,n���m�X���fΠ��k+�,8�����-�GK�Jf&�� ISO 55000:2014 provides an overview of asset management, its principles and terminology, and the expected benefits from adopting asset management. Asset acquisition, disposal and life-cycle management decisions are integrated into an entity's strategic and organisational planning; asset planning decisions are based on an evaluation of alternatives, which assesses risks and benefits, and applies the Government's core procurement principle of value for money across the asset's life-cycle; an effective control structure is established for asset management; Diversification is Key to Managing Risk 6. This International Standard can be applied to all types of assets … Western Asset October 2010 Principles of Investment Risk Management 3 the time will generate an expected $1.04 for each dollar invested in an interest rate call. %%EOF 0000003420 00000 n Assets Serve a Purpose 7. Asset management (AM) is an integrated approach, involving all municipal departments, to planning for and managing existing and new assets in order to maximize benefits, reduce risks and provide … 1971 0 obj <>stream Terminology Asset Management Essential Principles Investment Success Starts with a Plan 2. 0000000553 00000 n 0000000016 00000 n • Provide for safe, secure, and healthy workplaces. 0000003096 00000 n A manager who can make the right interest rate call 55% of the time should be able to do a very effective job in growing client assets… As Aegon Asset Management, we focus … • Employ lifecycle cost-benefit analysis in decision making. In other disciplines, life cycle asset management is an established protocol and this is also important for this role. Acknowledgements The following individuals contributed to the course development or instruction of the Principles of Asset Management course: Melissa Axtman National Park Service the combined implications of managing all aspects … The original ISO 55000 suite of asset management system standards was launched in 2014 – and the past four years have taught us a lot about how the standards are being implemented … With assistance from Nathan Higgins, … mortgages and asset management to 28.5 million customers. d70?���L���ؼ����2�r��1���@�i���Q���44-fP���L�NR���00C�o�c���|��i ������RXx�*(8$6Z3�0>aS��iP�ZѐǸ��y�>ք��F沘n�\��1�b�a��et�����$Ť��� ����,F �CL&, ld�DB����&92�0�n `�� "Ԡ*1��B��,��Yx*|>��Q�a� Asset Management also enables an organisation to examine the need for, and performance of, assets and asset … �W�>$[���y�@�&����L���@V20�K�g�� � �yS This International Standard provides an overview of asset management, its principles and terminology, and the expected benefits from adopting asset management. 323 0 obj <> endobj 0000002702 00000 n Asset … Looking at the big picture is critical in asset management. engineers are given the skills and tools to undertake effective asset management in order to keep our infrastructure running in the future. 6�� �����[�� � G R��*A����F�h1���[��>bA� QH�DH,� t5ܢ ��Ÿo��;L!�W7+�p���T���(���(c������1L%PHI5�SRR�3U\��`"���P�:`4\ • Promote full and appropriate utilization. Investment Success Starts with a Plan 2. It is important to ensure that young . Rather than taking a compartmentalized approach, asset management must take into account the combined implications of managing everything together. 0000003798 00000 n ISO 55000:2014 can be applied to all types of assets … Diversification is Key to Managing Risk 6. 0 `f�& .���E�ݕ@ �0 �� 3 CONCEPTS AND PRINCIPLES 7 4 THE SCOPE OF ASSET MANAGEMENT 15 5 SUBJECTS GROUPS AND DESCRIPTIONS 19 5.1 ASSET MANAGEMENT STRATEGY & PLANNING 19 5.1.1 Asset Management Policy 20 5.1.2 Asset Management Strategy 21 5.1.3 Demand Analysis 22 5.1.4 Strategic Planning 23 5.1.5 Asset Management Plans 24 5.2 ASSET MANAGEMENT … startxref For more asset management strategies, visit wwwassetworksom pt 214 ssets ts esee sset Management Ste Ste sset Management an 5 Asset Management Planning Asset Management Planning will provide your agency with best practices for the operation and maintenance of assets … 10 PRINCIPLES OF EFFECTIVE INVESTING 1. The ―Value Added/Level of Service‖ Principle—assets exist to deliver services and goods that are valued by the customer-stakeholder; for each consumer … Volatility Happens 5. An organization must look at how assets are functionally interdependent and what contributions they make within their own asset systems. Current Assets Management: Management of current assets – Cash, Receivables and Inventory. 360 0 obj <>stream �bup�2�3wO�P0p������ÿCe��&OAc�6���{��3d23�����'��������A����͇_����E�ͫ�4#�0 6��@ Be Risk Intelligent, Not Risk Averse 3. xref Development of young asset management professionals. The ICE recognises that core skills for effective asset management … 3 Getting ready to invest 4 Saving versus investing 5 Getting started – discipline and planning are key 6 Define your goals and investment time frame 8 Decide if you need income, growth or both 9 Understand the risks 10 Diversify to minimise risk 11 Recognise the importance of cost and tax 13 Asset allocation 14 Understand asset … ANAO Principles of Asset Management. 346 0 obj <>/Filter/FlateDecode/ID[]/Index[323 38]/Info 322 0 R/Length 104/Prev 826924/Root 324 0 R/Size 361/Type/XRef/W[1 2 1]>>stream If you are encountering Asset Management … Asset management — Overview, principles and terminology ... Asset management is the core route to deriving value from assets (the central part of figure 1) and this is supported, controlled and sustained by a management … 1. h�bbd``b`� i@�IH�� �9 .X�2�+"��kA� �$�b�� They must also understand the life cycle phases of distinct assets and t… Asset Management is increasingly well understood by the business community as a strategic and business led discipline, where the value of assets is their contribution to achieving explicit business objectives. 1960 0 obj <> endobj h޼Wko�6����a�.������$m��Ic���+ӶVYr$:M��{/%:��G��@��}��>�v��q�z1v1�g�ϙ���� ��aa�b�2��!������!sb�9����ɂ-���^�++5BC��^_���Y��eV)�^�����z&~�py�X.�.��~��r��!���+��I�N^����t. %PDF-1.5 %���� Cash budget, Credit terms – Financing current assets 5. Aegon Asset Management CEO, Sarah Russell, is a member of the Aegon N.V. Management Board. 0000001662 00000 n 0000002865 00000 n For TAM, the life cycle includes avoiding risk exposure, maintaining and promoting performance attributes, and optimizing assets through the life of the terminology. (1) Financial management: corporate finance, which deals with decisions relatedto how many and what types of assets a firm needs to acquire (investment decisions), how a firm should raise capital to purchase assets … <<6C0E913E7D93694892F216F5BB8CE990>]>> 2:45-4:30 pm Asset Management Principles – Life Cycle Steve Wolter Management and Operations and Maintenance Lissa Spomer Procedures 4:45-5:00 pm One-Minute Paper Christy McCormick 6:30-7:30 … 0000002008 00000 n Be Risk Intelligent, Not Risk Averse 3. Volatility Happens 5. �5�j����A�&�ԒqE�/���d���(�HJ&%Rb�&�-3��᳔̅�MV��. 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