Asset governance as strategy for physical asset

Katičić, Ljiljana and Lisjak, Dragutin and Dulčić, Želimir (2014) Asset governance as strategy for physical asset. = Asset governance as strategy for physical asset. In: 7th International Conference of the School of Economics and Business Conference Proceedings, 13.-14.09.2014., Sarajevo, Bosna i Hercegovina.

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Asset Governance is systematic and coordinated business strategy, through which an organization can optimal manage its physical assets, resulting in increased perfomance and growth. Asset Governance can be defined also as the laws, policies, and procedures that ensure organisations run in the interest of owners and resources are allocated, managed, and redeployed to maximise productivity and value (Alles, Datar and Friedland, 2005). With Asset Governance company can creating framework for asset management processes, organisational structure, high economic performance and growth on long time horizont. They include a decision making process in regards to the asset life-cycle, higher level of accountability and transparency in asset reporting and penalty system for asset users. Asset Governance application is evident in British Standard PAS 55 (PASS 55 -1 and 2) supports 3rd party and self assessment to assure customers, owners, employees, regulators and other stakeholders that the physical asset is in good hands. Compliance provides evidence of systematic, cross-disciplinary and optimized management that correctly blends responses to short-term requirements with the sustainable delivery of long-term goals in asset management. It defines the integrated approach required to meet conflicting stakeholder demands, achieve best value-for-money, and deliver significant performance improvements

Item Type: Conference or Workshop Item (Lecture)
Keywords (Croatian): Asset Management, Facility Management, Asset Governance
Subjects: SOCIAL SCIENCES > Economy
Divisions: 700 Department of Industrial Engineering > 720 Chair of Production Control
Indexed in Web of Science: No
Indexed in Current Contents: No
Date Deposited: 30 Jun 2016 13:48
Last Modified: 20 Feb 2018 16:02

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