Integrating asset management into a contractor’s business systems

Asset management is a vital function that the contractor performs as a tool to identify the most appropriate method of preserving the road asset and monitoring the implementation of forward works programmes through the period of the contract. Fulton Hogan (FH) developed and implemented a strategy to deliver both strategic and operational level road asset management by effectively integrating asset management into the company’s business systems. The purpose of the strategy is to enhance the contractor’s performance through the sustainable application of road asset management principles in technical and strategic decision-making and reporting capability, in accordance with the company’s vision, policy and strategy. The key steps taken in this strategy were: establishment of a company-wide asset management implementation team responsible for developing and implementing the strategy; creation of a new position at senior executive level (Group Asset Management Leader); and integration of asset management principles and processes into normal business by training key staff in asset management, enhancing existing systems to better record and report the company’s asset management activities, developing additional asset management systems where existing systems do not exist or cannot be enhanced effectively, and, in consultation with road controlling authorities, implementing reporting systems that align with their required outcomes. This paper explains the processes involved in developing and implementing this strategy, and the benefits to both the road authority and the company.

Language

  • English

Media Info

  • Pagination: 6p

Subject/Index Terms

Filing Info

  • Accession Number: 01388991
  • Record Type: Publication
  • Source Agency: ARRB
  • Files: ATRI
  • Created Date: Aug 23 2012 2:36AM