Strategic Asset Management Feedback Loop

Legislative requirements and state based Asset Management Programs have dictated that organisations forecast and plan for their future asset management funding needs.

Strategic Asset Management, SAM, allows organizations to address both these requirements by systematically and optimally managing physical assets and their associated performance, risks and expenditure over the assets lifecycle. This in turn supports the achievement of specified organizational and community service levels.

Download the Data Sheet –

Decision Support Tool

SAM is a predictive modeling and decision support tool that allows an organization to:

• Collect Strategic Asset Data including component condition assessments.
• Link Strategic Assets to existing Maintainable and Fixed Asset Registers.
• Model deterioration of components of infrastructure assets.
• Specify interventions that can be applied to renew or rehabilitate specific asset components.
• Perform Optimised Decision Modelling to generate Asset Management Plans that deliver specified service levels within given funding scenarios.
• Communicate the outcomes of scenario analysis by generating auditable data for inclusion in short and long term asset management plans.

SAM Outcomes

Utilising SAM, an organization can:

• Implement a robust planning process with systems support to ensure that assets are managed according to organizational, financial, community and service level goals.
• Take account of the long term and cumulative effect of strategic asset policy decisions.
• Comply with regulatory requirements for long term strategic asset planning.
• Mitigate risk of failure to adequately manage infrastructure assets.

Strategic Asset Register

At the core of SAM is the Strategic Asset Register which maintains Asset, Component and Attribute data.

Deterioration & Interventions

Deterioration curves predict failure by modeling the performance of infrastructure assets from construction or acquisition to end of life.  Environmental and usage factors can be applied to modify deterioration attributes of physical assets.

Interventions are treatment options that are modeled and optimized to generate the most cost effective Asset Management Plan.

SAM Planning / Execution Cycle

Within an organizations strategic planning cycle, SAM can be used to:

• Perform Scenario Analysis to determine the optimum plan.
• Generate components and reports for inclusion in the organizational Strategic Asset Management plan.
• Generate a Work Plan for the coming time period.
• Record actual Interventions, Costs and impacts on Asset Condition Rating in the SAM model.
• Perform planned maintenance activities as usual.
• Be able to re-run the model for the next planning cycle.

Asset Management Plan

An asset management plan can be generated from the Model Output.  As intervention work is completed the asset condition is updated to reflect the impact of works undertaken.

Strategic Asset Management Plan Components

In addition to the Work Plan, a series of reports are provided that can be used as the basis for an organizations Strategic Asset Management Plan.  Together these reports indicate:

• The impact of different levels of funding on predicted service levels.
• Whole of asset lifecycle costing including operational, maintenance and disposal costs.
• The extra funding required to reach target service levels and the cumulative effect over time.
• Asset consumption showing the useful asset life remaining.

Strategic Asset Management Overview