Is “asset management” more than a buzz-word to you and your organization? Are regulations and costs leading you to question whether you need a better understanding of your assets and their future value, risks, and needs?
You may find yourself wondering “How can we boost asset life-span?” or “Has the cost of this asset been justified?” PILLAR provides asset management to help you with the entire process of properly planning, building, operating, maintaining, upgrading and decommissioning assets.
This is big-picture thinking and long-term strategizing. For assets to be sustainable and cost-effective, you need a broad analysis of engineering, economics, risk management and user needs.
With appropriate asset management methods, you can answer key questions about:
- Long-term funding, including grants and loans
- Potential budget fluctuations
- Total cost of ownership
- Current state of assets
- Maintenance scheduling
- Rehabilitation vs. replacement
- Risk analysis
- Gaps in institutional knowledge
- Internal and external communication
- Technological and material life-spans
- Current and future regulations
- User demands
Asset management results in better business practices and a more proactive mindset. It allows your organization to identify strengths as well as weaknesses, creating a better foundation for decision-making.
With systematic and coordinated asset management techniques, PILLAR will provide your organization with the tools to succeed now and in the future.