Portfolio Government Departments and companies with physical asset bases require best practice asset maintenance, services and operations and capital investment program administration to deliver services effectively and efficiently and to keep their assets in a ‘fit for purpose’ condition.
Large asset portfolios require multi-level administration systems where the governance framework includes:
Significant challenges in the selection of investments and in prioritising those investments.
Best practice infrastructure asset management requires the bringing together of processes involving management, financial administration, economic analysis, engineering, and other practices with the objective of providing the required level of service of the infrastructure assets in the most cost-effective manner. Asset Management is also the art and science of making the right decisions and optimising these processes.
It also includes the management of the whole life cycle (design, construction, commissioning, operating, maintaining, repairing, modifying, replacing and decommissioning/disposal) of infrastructure assets.
Sophisticated work prioritisation processes are needed to operate and sustain assets in a constrained budget environment.
Asset management processes are centred on a framework of five core questions:
EIG brings detailed knowledge and experience in the road, rail, water, energy and property sectors and provides high quality infrastructure asset management, financial and commercial advice.
We also understand the planning, procurement and implementation of service outsourcing and franchising and we bring market leading proposal assessment tools to assist clients in selecting providers.
Our service group representatives have extensive direct experience and are market leaders in infrastructure asset management.