Managers often misunderstand the purpose of facility asset management plans. They are often written with the wrong scope or intent, or aren’t aligned with team or organization goals and strategies. As a result, they frequently fail to deliver their intended benefit.
We’re here to ensure that doesn’t happen to you. In this article, we’ll explain what a facility asset management plan is and show you how to create one, covering helpful examples along the way.
A hierarchy of asset management documents begins with an asset management policy, flows into an asset management strategy, and ends with a series of asset management plans.
Each document level serves a particular purpose, which, when combined, supports a business’s asset purchase, use, care, and disposal expectations.
An asset management plan is a document detailing a department’s process to turn a defined strategy into actionable steps. Unlike policy or strategy documents, the wording and focus are short-term, measurable, and dynamic.
A company will have only one asset management strategy but may have multiple asset management plans. It’s common for each internal department to have a plan that focuses solely on the assets and particular context within the department.
Developing an asset management planA facility asset management plan is an operationally focused document that has no room for aspirational statements. Think of it as a tactical checklist, listing tasks to achieve within a certain timeframe and budget. The goal of this document is to implement the higher-level objectives outlined in the asset management strategy document.
The following steps will help you gather the data you need to write an effective facility asset management plan.
Asset inventory requires more data than just asset location. A detailed asset inventory should contain the following information (estimate the following information where it’s available):
