Strategies to startup a value added asset management program

Asset management is the buzz word in our industry best practices to address our aging infrastructure rehabilitation and renewal needs, and complying with Governmental Accounting Standards Board (GASB 34) and Capacity Management Operations Maintenance (CMOM) requirements. Most of us are aware about the drivers, benefits and components of an asset management program. To most organizations, asset management is a new concept and practice which they typically do not have the resources and organizational support to develop an asset management program. Frankly, most organizations are overwhelmed with the level of effort in developing a comprehensive asset management program. How do organizations start up a value added asset management program to get the greatest returns without significant financial and resource commitments?