Asset Investment Planning 101
The Value of Asset Investment Planning
The approach:
- Develops a common understanding of planning and performance
- Aligns operating plans and asset management strategies with corporate objectives, and balances cost, reliability, and risk
- Provides a comprehensive picture of future spending plans and resulting levels of performance
- Provides executives with expenditure analysis that reflects multiple attributes
Helping to achieve:
- Reduced cost of ownership over the asset lifecycle, balanced with awareness/mitigation of risks
- Maximum value of O&M and capital investments, in both new and existing facilities
- Increased understanding of assets, their roles, and their strategies, within the broader context of the corporation’s needs and objectives
- Visibility and transparency of decision processes, and the means to communicate decisions to internal audiences and external stakeholders
Click here to see the requirements for implementation of Asset Investment Planning