In order to receive proof of
CEU credits, you must watch this presentation in its entirety and complete the
survey.
Level: Basic
TCM Section(s):
3.2. Asset Planning
5.2. Asset Performance Measurement
Venue: 2021 AACE International Conference & Expo
Abstract: Asset management is considered the operational, risk, and financial methodologies that promote the total means and methods of production and delivery of the entire asset base. Based on these considerations, the author would like to present the management of a portfolio of assets and not that of a single asset. This portfolio creates the opportunity to balance operational needs based on business strategy and objectives.
The author of this paper provides some recommendations for implementing an asset management model for improving asset development, implementation, and administration at the portfolio level. This paper also provides the audience with the necessary direction for ensuring effective and efficient operations by identifying experiences and corrective actions through a shared asset management network. This paper will provide readers with the following:
Level: Basic
TCM Section(s):
3.2. Asset Planning
5.2. Asset Performance Measurement
Venue: 2021 AACE International Conference & Expo
Abstract: Asset management is considered the operational, risk, and financial methodologies that promote the total means and methods of production and delivery of the entire asset base. Based on these considerations, the author would like to present the management of a portfolio of assets and not that of a single asset. This portfolio creates the opportunity to balance operational needs based on business strategy and objectives.
The author of this paper provides some recommendations for implementing an asset management model for improving asset development, implementation, and administration at the portfolio level. This paper also provides the audience with the necessary direction for ensuring effective and efficient operations by identifying experiences and corrective actions through a shared asset management network. This paper will provide readers with the following:
- The implementation of an asset management approach that will assist in asset development optimization.
- An understanding of asset management, life cycles, and life cycle management at the portfolio level. This understanding includes introducing techniques for top-down and bottom-up assessments while matching the needs for long-term, short-term, and routine operations.
- A relevant asset portfolio hierarchy and process designed to support operational assessments for the portfolios of assets.