Asset management strategy
PAS 55-1:2008, Asset Management: Part 1: Specification for the optimized management of physical assets, written by the Institute of Asset Management, and published by BSi in September 2008, defines an asset management strategy as a:
long-term optimized approach to management of the assets, derived from, and consistent with, the organizational strategic plan and the asset management policy
NOTE 1 The asset management strategy converts the objectives of the organizational strategic plan and the asset management policy into a high-level, long-term action plan for the assets and/or asset system(s), the asset portfolios and/or the asset management system.
NOTE 2 The high-level, long-term action plans for the assets and the asset management objectives are normally the outputs of the asset management strategy. These elements together form the basis for developing more specific and detailed asset management plan(s).
[edit] Related articles on Designing Buildings
- Asset.
- Asset information model.
- Asset management.
- Asset management team.
- Creating an asset register for construction projects.
- Digital asset management.
- Economic Order Quantity EOQ.
- Enterprise asset management.
- Facilities management.
- Facilities management audit FMA.
- Facility condition assessment FCA.
- Facility condition index FCI.
- Knowledge asset management.
- Property management.
Featured articles and news
Editor's broadbrush view on forms of electrical heating in context.
The pace of heating change; BSRIA market intelligence
Electric Dreams, Boiler Realities.
New President of ECA announced
Ruth Devine MBE becomes the 112th President of the Electrical Contractors Association.
New CIAT Professional Standards Competency Framework
Supercedes the 2019 Professional Standards Framework from 1 May 2025.
Difficult Sites: Architecture Against the Odds
Free exhibition at the RIBA Architecture Gallery until 31 May.
PPN 021: Payment Spot Checks in Public Sub-Contracts
Published following consultation and influence from ECA.
Designing Buildings reaches 20,000 articles
We take a look back at some of the stranger contributions.
Lessons learned from other industries.
The Buildings of the Malting Industry. Book review.
Conserving places with climate resilience in mind.
Combating burnout.
The 5 elements of seiri, seiton, seiso, seiketsu and shitsuke.
Shading for housing, a design guide
A look back at embedding a new culture of shading.
The Architectural Technology Awards
The AT Awards 2025 are open for entries!
ECA Blueprint for Electrification
The 'mosaic of interconnected challenges' and how to deliver the UK’s Transition to Clean Power.
Grenfell Tower Principal Contractor Award notice
Tower repair and maintenance contractor announced as demolition contractor.