Naslov
Asset Governance (Tool for strategy)

Autori
Katičić, Ljiljana

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of the 1st International OFEL Conference on Corporate Governance / Tipurić, Darko ; Podrug, Najla - Zagreb : Centar za istraživanje i razvoj upravljanja (CIRU), 2013, 79-80

ISBN
978-953-57413-2-9

Skup
1st International OFEL Conference on Corporate Governance - Organizational, Financial, Ethical and Legal Issues of Corporate Governance

Mjesto i datum
Dubrovnik, Hrvatska, 12.04.2013

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Asset Management; Asset Governance; BSI PAS 55:2008

Sažetak
Asset intensive organizations, heavy engineering, mining, transportation and in their actions rely on property that is expensive, extensive and / or complex, and has a major impact on organizational perfomance over a longer period (Jabir, Jaafati, Platfoot & Gunaratram 2005 ; Lin Gao, Kronios, Shanan 2007.) Asset intensive organizations are usually in the state – or the public domain, and such they have to follow the rules imposed by the management of their environment. Activities and processes within the Asset Management system require the strategy integration and alignment of many aspect of a business and corporate competences. Asset Management is concept for support to decision maker to cover performance goals and draws from economics as well as engineering. Asset management is the optimal life cycle management of physical assets in order to achieve and maintain the business objectives. Asset Governance is another part of miror Asset Management which represent 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). Asset Governance 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 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. (IAM, 2012). Asset Governance can be defined as a new way the ownership and management of distribution system in a competitive and deregulated market. Asset Governance provides the policy structure for Asset Management implementation in the company (Kitchen, 2006).

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

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