Client Spotlight | Lifeblood
DCWC supports Lifeblood's growth ambitions by providing Quantity Surveying services across their national donor centre network. We're excited to highlight our ongoing role in expan.....
Read More →DCWC supports Lifeblood's growth ambitions by providing Quantity Surveying services across their national donor centre network. We're excited to highlight our ongoing role in expan.....
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Media Contact:
Laura Davies
+61 402 456 902
Laura.Davies@dcwc.com.au
Teifi Caron
Senior Consultant (Strategic Asset Planning & Sustainability)
20 February, 2019
Asset Management is often confused with maintenance, significantly undervaluing its strategic significance. Strategic Asset Management (SAM) focuses on optimising asset portfolios across each stage of the asset lifecycle, including: planning, acquisition, operation, maintenance and disposal.
The benefits of SAM are increasingly being recognised, leading to translation into government policy and enterprise-wide integration.
Today’s sophisticated asset management landscape presents the opportunity for wide ranging benefits for health services that understand and incorporate the value of SAM, including:
In parallel with increased competition for limited funding pools and more scrutiny to achieve financial sustainability, exposure to SAM is increasing. Jurisdictions are responding to these challenges by introducing new asset management frameworks and reporting requirements.
Measures are being rolled out to support health services and other government agencies improve their SAM capability, including:These policy measures have direct implications to health services, including mandated compliance requirements. Furthermore, they will equip health services to maximise the value from existing assets and adopt an entire asset lifecycle approach to infrastructure and service delivery planning in alignment with organisational objectives and available funding envelopes.
Changes to the asset management landscape are a response to the increasing size and complexity of government asset portfolios. Additionally, service providers are expected to deliver more from an ageing asset base that costs more to operate and maintain.
Adapting to this new asset management landscape requires a different way of thinking to drive more value from the assets. A mature SAM capability is required to embed real cost savings in the operational profile and enhance decision-making, supported by robust information.
Fortunately, the tools and capability to support you achieve your SAM objectives and integrate strategic planning and service planning with infrastructure planning are available:
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