Strategic Asset Management Framework: Public Sector

14/05/2020

The Asset Institute’s Public Assets Collaborative Group releases its guide, “Strategic Asset Management Framework: Public Assets”.

The overall objective of this framework is to enable those without a technical background or extensive exposure to asset management concepts to quickly gain a high-level understanding of strategic asset management. One of the key messages for asset-intensive entities is that the asset management framework is effectively the same as the corporate governance framework, with both requiring consideration, assessment, analysis and management of the same issues. Both are aimed at delivering services to the community and ensuring those services are delivered at an acceptable level of service and cost effectiveness over the long-term. As such, entities should consider asset management and their overall corporate governance responsibilities as complementary.

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