Most organisations have developed impressive and clear asset management policy and strategy. However, on occasions, we face challenges when implementing these strategies, resulting from realisation of planned or unplanned risks. These risks could be a result of a combination of things including but not limited to historic funding challenges, ageing asset, deteriorating asset performance or external factors such as detrimental impacts of climate change.

A strategy that enables an outcome-driven approach focussing on service to customers whilst effectively managing asset risks is paramount. In addition, having a clearly defined risk-based approach to asset management supports organisations to prioritise the limited funding where there is greatest need.

• Creating customer-focussed Asset Management strategy and delivery plans.
• Developing a risk-based approach to prioritisation of asset maintenance.
• Creating a holistic end to end approach for effective management of asset risk.
• Reviewing technical standards, policies, processes, and training people.
• Having reliable and suitable asset performance data.