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ASSET GOVERNANCE AS STRATEGY FOR PHYSICAL ASSET

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.

Asset Management; Facility Management; Asset Governance Asset Management; Facility Management; Asset Governance

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