Description

Ian explains all about Asset Management in this episode. An asset is something that the potential of actual value to an organisation, such as tangible assets like tools, property and machinery, or intangible like goodwill, reputation or customer base. Asset management is a systematic and organised process through which assets are managed optimally and sustainably to maximise their function and value.

He will cover what Asset Management is, the evolution of Asset Management, good principles, systems, policy and strategy, objectives, plans, contingency, controls, risk management, audit and performance monitoring.

KEY TAKEAWAYS

• All assets can have a present value or a future value, and the upkeep and maintenance of assets is often vital for the total of these.
• An Asset Manager makes important decisions that will help the clients portfolio grow on behalf of someone else.
• We must have a methodical approach and the whole life of the asset should be considered, and it must be systemic to the culture of the organisation for optimisation.
• Contingency plans should be in place to deal with any outages or upkeep of any of the assets, plus risk management considerations carefully detailed.
• The objective of Asset management is to have measurable outcomes allowing the implementation of the policy and strategy.

BEST MOMENTS

‘Its literally looking at my favourite term here, whole life cycle again. Asset management is meant to cultivate market value so ownership can increase its returns.’

‘For instance, if there is a portfolio of houses they are assets and an asset manager, or property manager or facilities manager will look at those. These terms are slightly interchangeable but whilst they overlap they will have their own particular elements.’

‘How do we deal with ageing assets which, particularly if you’ve just acquired an older building for instance, with ageing assets, how are we going to deal with that?’

‘We must have a plan to respond to incidents and emergencies where there is a significant failure of a critical asset.’

VALUABLE RESOURCES

https://www.ianjrogers.com/

ABOUT THE HOST

Ian Rogers is an entrepreneur running businesses in the Real Estate, Construction and Facilities Management arena. Ian has over 40 years’ industry experience, as he was effectively born into construction with his father having his own building company and Ian spending time working on sites from the age of 11!. As a result Ian has seen the industry from a trades person perspective, as a chartered quantity surveyor working on large commercial projects, as a project manager and then working on structured project finance through PFI/PPP deals. This has given Ian a unique whole life approach to any project by considering the end game at the beginning.

CONTACT METHOD

 https://www.ianjrogers.com/

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