The Essential Guide to Facility Asset Management

 As a facility leader, you are not just in charge of managing your facility’s assets. You’re responsible for developing strategic asset management plans. Successful building management takes a systematic approach, known as facility asset management , to monitor, maintain and arrange for facilities. This guide supplies the broad, underlying principles (and several free resources) that may help you create a strategic asset management plan.

Tracking Facility Assets

Your facility team is in charge of the assets inside and on your own facility’s property. You ought to have a formal inventory of maintainable or replaceable assets — the ones that need upkeep and the ones that require to be regularly changed. Once each year tracked assets in your formal inventory will include anything that should be maintained, anything that costs a lot more than $5000, and whatever would cause extreme duress if it were to fail.