Asset management performance
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 asset management performance as: ‘measurable results of an organization’s management.’
NOTE 1 Results are normally measured against the organization’s strategic plan, asset management policy, asset management strategy, asset management objectives and/or other asset management performance requirements.
NOTE 2 Asset management performance may include the effectiveness of expenditures, the reliability, efficiency, quality, sustainability and value of the assets and their utilization, and/or the impact of assets and asset management upon the organization’s financial performance, health and safety performance, environmental performance, compliance and reputation.
NOTE 3 Asset management performance measurement includes measuring the effectiveness of the organization’s asset management system.
[edit] Related articles on Designing Buildings
- Asset.
- Asset information model.
- Asset management.
- Asset management strategy.
- 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
Check out some of the best features and news from Designing Buildings as well as key stories from around the web.
Construction's sustainability reporting revolution
Tracking upfront embodied carbon with digital tools.
ECA welcomes procurement reforms
Public spending must back British jobs and skills.
Campaigning for Edinburgh: the Cockburn Association 1875-2049
The role of the civic voice in protecting character. Book review.
CIOB photography competition is open for entries.
ECA Edmundson apprentice of the year award
Finalists announced.
Major new study exposes serious knowledge gaps.
Generating energy from internal light as well as sunshine.
ECA welcomes plans to strengthen subcontractor quality control.
Combining mid-career qualifications with experience broadens career opportunities.
Why being a mentor can help your career.
Channel 4 broadcaster to host 125th anniversary ceremony.
Listed structures on the rail network
Heritage interests and operational requirements must be balanced.