A Framework for Strategic Infrastructure Asset Management

Abstract

AbstractOrganisations owning and managing infrastructure assets are constantly striving to obtain the greatest life time value. This led to the development of the concept of asset management to provide a systematic approach to manage infrastructure assets. However, asset management as a discipline is still relatively new and as such lack well grounded theories. There is an urgent need to document the processes involved in the management of infrastructure assets. Through case studies, this paper aims to first, review the goals of infrastructure asset management and investigate the extent to which they reflect a business resource approach to infrastructure asset management. Second, the paper will identify the core processes of infrastructure asset management. These observed processes are then synthesised into a strategic infrastructure asset management framework to serve as a benchmark for practising manager looking to create value within their organisations.KeywordsBusiness ProcessAsset ManagementCore ProcessBusiness GoalInfrastructure OrganisationThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.