An Introduction to Asset Management Part 1 Review

An Introduction to Asset Management Part 1: Review of AM By: Heather Himmelberger When you know better you do better

The 5 Core Components of Asset Management CURRENT STATE OF THE ASSETS LIFE CYCLE FUNDING COSTING LEVEL OF SERVICE CRITICALITY

ASSET MANAGEMENT IS…… A WAY TO HELP PEOPLE KNOW HOW AND WHERE TO SPEND THEIR MONEY A PROCESS TO IMPROVE DECISION-MAKING MAINTAINING A DESIRED LEVEL OF SERVICE AT THE LOWEST LIFE CYCLE COST

CORE COMPONENT 1: CURRENT STATE OF THE ASSETS THE CUSTOMER PERCEPTION IS YOUR REALITY

PICS OF PIPES IN NEW CONDITION NEAT AND NICE next a pic of an old clog pipe Condition of your assets NOTE: add a poll so add picture of an asset ask to decide what conditions they are in Develop a comprehensive registry of all assets

“All Assets” Means: PICS OF PIPES IN NEW CONDITION NEAT AND NICE next a pic of an old clog pipe Condition of your assets NOTE: add a poll so add picture of an asset ask to decide what conditions they are in

Include At a Minimum Manufacturer, serial number, location, asset ID number, year installed/purchased, condition rating, remaining useful life, replacement cost, any known issues, other USEFUL information

CO FORMS PICS OF PIPES IN NEW CONDITION NEAT AND NICE next a pic of an old clog pipe Condition of your assets NOTE: add a poll so add picture of an asset ask to decide what conditions they are in http: //www. nmaging. state. nm. us Choose “Documents” and then “Capital Outlay Documents”

Take Pictures of the Assets

Keep information updated PICS OF PIPES IN NEW CONDITION NEAT AND NICE next a pic of an old clog pipe Condition of your assets NOTE: add a poll so add picture of an asset ask to decide what conditions they are in Make sure any discovered errors are corrected!!!!

CORE COMPONENT 2: LEVEL OF SERVICE THE CUSTOMER PERCEPTION IS YOUR REALITY

SENIOR FACILITIES ARE IN THE CUSTOMER SERVICE BUSINESS

KNOW WHAT YOU WANT TO PROVIDE PRIORITIZE GOALS

FOLLOW SMART

COLLECT DATA TO MEASURE GOALS