strategic asset management

Strategic asset management is a disciplined approach to planning, acquiring, maintaining, and using an organization’s assets—such as buildings, equipment, or infrastructure—to achieve its long-term goals. It involves understanding the value and performance of assets, predicting future needs, and making informed decisions to optimize their use and lifespan. The goal is to balance cost, risk, and performance to deliver the best outcomes over time, ensuring assets support the organization’s mission effectively and efficiently.