Opis: Public Sector Property Asset Management - David Manase, Malawi Ngwira

In many public sector organisations, there has been little or no adoption of a proactive asset management strategy. Where an extensive property portfolio exists, this can result in poor overall utilisation of the portfolio, exemplified by excessive vacant property or properties not being put to best use. In such situations there is a risk that the building stock deteriorates more rapidly than expected, leading to expensive maintenance and repair charges. Lack of a proactive asset management strategy will impact on the services delivered by such organisations. Public Sector Property Asset Management covers all aspects of asset management in the public sector, including the overall concept, the development of asset management strategies and the implementation of asset management practices. It evaluates asset management strategies, processes and practices to show how effective management of property assets support business activities or service delivery functions. The reader will understand the importance of improving decision-making through the recognition of all costs of owning and operating those assets throughout their lifecycle, leading to improved business process activities or service delivery functions which greatly assist in meeting the social and economic objectives of such organisations. Written for all practitioners currently involved in asset management, the book will also be useful in the university environment, to those teaching, researching or learning about asset management in the public sector.CHAPTER ONE: ASSET MANAGEMENT CONCEPT AND DEVELOPMENT IN THE PUBLIC SECTOR 4 1.1 INTRODUCTION 5 1.2 THE CONCEPT OF ASSET MANAGEMENT 5 1.2.1 Definition of Asset Management 5 1.3 BENEFITS OF ASSET MANAGEMENT 10 1.4 ASSET MANAGEMENT DEVELOPMENT IN THE PUBLIC SECTOR 14 1.4.1 Origins of Asset Management 14 1.5 CHAPTER SUMMARY 18 CHAPTER TWO: PRACTICE OF ASSET MANAGEMENT 19 2.1 INTRODUCTION 20 2.2 DRIVERS OF ASSET MANAGEMENT REFORMS IN THE PUBLIC SECTOR 24 2.2.1 Internal Factors behind Asset Management Reforms in the Public Sector 24 2.2.2 External Forces behind Asset Management Reforms in Public sector Organisations 34 2.3 TRENDS IN THE DEVELOPMENT OF ASSET MANAGEMENT IN THE UK PUBLIC SECTOR 43 2.4 ASSET MANAGEMENT DEVELOPMENT IN SCOTLAND 64 2.4.1 Prudential Code 64 2.4.2 Publication of the Asset Management Guidance by the Scottish Government 65 2.4.3 Decision of Audit Scotland 67 2.4.4 Publication of Value for Money by Audit Bodies 68 2.4.5 Duty by Local Authorities to achieve Best Value 68 2.5 STRUCTURE OF OPERATIONAL PROPERTY ASSETS IN THE PUBLIC SECTOR 72 2.5.1 Scale and Nature of Public sector Property 72 2.6 ROLE OF PROPERTY ASSETS 75 2.6 ASSET MANAGEMENT DEVELOPMENT IN OTHER PARTS OF THE WORLD 75 2.6.1 Asset Management Development in New Zealand, Australia 75 2.6.2 Asset Management Development in the USA 77 2.7 CHAPTER SUMMARY 79 CHAPTER THREE: ASSET MANAGEMENT AND ORGANISATIONAL MANAGEMENT THEORY 81 3.1 INTRODUCTION 82 3.2 ASSET MANAGEMENT AND ORGANISATIONAL MANAGEMENT THEORIES 82 3.2.1 Strategic Management Theory 83 3.2.2 Change Management Theory 86 3.2.3 Management Theory 88 3.2.4 Leadership Theories 90 3.2.5 Organisational Structure Theory 93 3.3 RELATIONSHIP BETWEEN ASSET MANAGEMENT AND ORGANISATIONAL MANAGEMENT THEORY 95 3.3.1 Significance of Strategic Management Approach in Asset Management 95 3.3.2 Asset Management as a Significant Change Management Event 97 3.3.3 Asset Management Team and Project Management Approach 98 3.3.4 Asset Management and Organisational Structure 99 3.3.5 Asset Management and Leadership Skills 100 3.3.6 Asset Management and Capacity Building 101 3.3.7 Asset Management and Motivation 101 3.3.8 Asset Management and Stakeholder Management 102 3.3.9 Asset Management and Value Theory 103 3.4 CHAPTER SUMMARY 105 CHAPTER FOUR: STRATEGIC ASSET MANAGEMENT 106 4.1 AN OVERVIEW OF STRATEGIC ASSET MANAGEMENT 107 4.2 Strategic Planning 108 4.3 Enablers of Asset Management 108 4.4 Formulation of Strategic Plan or Corporate Asset Strategy 109 (i) Development of Vision, Mission Goals and Objectives 109 (iii) Asset Information, Data Collection and Asset Knowledge 114 4.4.1 Asset Management Planning 119 4.4.2.1 The Asset Management Team 120 4.4.2.2 Strategy Formulation 121 4.4.2.3 Option Appraisal 122 4.4.2.4 Strategy Implementation 123 4.4.2.5 Asset Monitoring and Control 125 4.4.2.6 Asset Management Audit and Review 126 4.5 TOOLS AND TECHNIQUES 127 4.6 ASSET MANAGEMENT OUTCOMES 127 4.7 CHAPTER SUMMARY 132 CHAPTER FIVE: ASSET MANAGEMENT PLANNING 133 5. 1 INTRODUCTION 134 5.2 FORMULATION OF ASSET MANAGEMENT POLICY 135 5.3 THE ASSET MANAGEMENT TEAM 136 5.4 ASSET MANAGEMENT TACTICAL PLANNING 137 5.4.1 Asset Management Improvement Planning 137 5.4.1.1 Assessment of current asset management status 138 5.4.1.2 Identification of Asset Gap 142 5.4.1.3 Closing Gaps with Appropriate Improvement Projects 143 5.4.1.4 Option Appraisal 146 5.4.1.5 Strategy Implementation 187 5.4.1.6 Asset Monitoring and Control 190 5.4.1.7 Asset Management Audit and Review 196 5.5 CHAPTER SUMMARY 196 CHAPTER SIX: ASSET MANAGEMENT PLAN 197 6.1 INTRODUCTION 198 6.2 DEFINITION OF AN ASSET MANAGEMENT PLAN 198 6.3 AIM OF AN ASSET MANAGEMENT PLAN 199 6.4 PURPOSE AND CONTENT OF AN ASSET MANAGEMENT PLAN 200 6.5 CONTENT OF AN ASSET MANAGEMENT PLAN 202 6.5.1 Strategy development 203 6.5.2 Organisational aims and objectives, property asset implications and property asset aims and objectives 206 6.5.2 (i) Corporate Vision and Strategy and its Property Implications 209 6.5.3 Review of current property assets 213 6.5.4 Consideration of options 213 6.5.5 Programme Development / Development of Plan 215 6.5.6 Implementation of programmes 217 6.5.7 Monitoring, review and evaluation 220 6.6 CHAPTER SUMMARY 223

Szczegóły: Public Sector Property Asset Management - David Manase, Malawi Ngwira

Tytuł: Public Sector Property Asset Management
Autor: David Manase, Malawi Ngwira
Producent: Blackwell Science
ISBN: 9781119085768
Rok produkcji: 2015
Ilość stron: 208
Oprawa: Twarda
Waga: 0.47 kg

Recenzje: Public Sector Property Asset Management - David Manase, Malawi Ngwira