Communicating with FINESSE and JD Solomon Inc. are jointly focusing on asset management in early 2024. The articles include how to facilitate asset management plans, ways that asset management plans fail, how organizational context impacts implementation, and how to communicate asset management to senior management. These powerful articles will improve your asset management success!
5 Tips to Improve Facilitation of Asset Management Plans
Facilitation is a structured session(s) in which the meeting leader (the facilitator) guides the participants through a series of predefined steps to arrive at a result that is created, understood, and accepted by all participants. Not all asset managers are great facilitators.
These are my Top 5 tips for facilitating asset management plans:
5. Get the Right People Involved
4. Don’t Overthink the Gap Analysis Tool
3. Create a Charter
2. Establish Organizational Context
1. Have a Formal Facilitation Approach
5 Tips to Improve Facilitation of Asset Management Plans (communicatingwithfinesse.com)
10 Ways Asset Management Plans Fail
We normally think about SAMPs failing in the implementation phase because the plan was poor or the lack of follow-through. However, SAMPs fail under their own weight in development. Even worse, the plans often fail in development, but the shortcomings are masked by completing the paperwork.
The top reasons strategic asset management plans fail:
10. Lack of Plan Funding
9. A Cookie-Cutter Template Approach Is Used
8. Staff Transitions and Turnover
7. Death by Committee
6. The Right People Are Not Involved in Development
5. Poor Gap Analysis
4. Inadequate Data Analysis
3. Poor Facilitation and Decision-Making Processes
2. Scope and Detail of SAMP not aligned with Organizational Context
1. Lack of Executive Support
Will Developing Your Strategic Asset Management Plan Fail? Here Are 10 Ways (jdsolomonsolutions.com)
How Context Matters in Successful Asset Management Implementation
Context matters for successful asset management implementation. First, the implementation must be well aligned with the current organizational capacity. This includes not only the number of resources but also the current knowledge, skills, and abilities of the human resources. Second, expectations through effective communication must be established, maintained, and fulfilled.
Every asset management program has a primary focus:
A. Asset Sustainment
B. Asset Growth
C. Activity-oriented
D. Technologies (Change Initiatives)
E. Managed Decline of Assets
How Context Matters in Successful Asset Management Implementation (jdsolomonsolutions.com)
How to Communicate the Challenges of Asset Management to Leadership
My asset management perspective comes from thirty years of experience as a consultant, facility manager, and infrastructure authority member. In the latter case, I was part of a team that set up an asset management grant program used statewide. The program is still being used ten years later.
These are the top five challenges of implementing asset management:
#5 Definitions are not commonly understood, regardless of the level of the receiver.
#4 Organizational capacity is just as important as funding.
#3 Software and technology are often seen as a cure for all shortfalls.
#2 We need to focus on a few problems that really matter.
#1 We need to know why we are changing (and how it improves what we do).
How to Communicate the Challenges of Asset Management to Leadership (communicatingwithfinesse.com)
Communicating & Facilitating Asset Management
Asset management is rich in complexity and uncertainty. Communicating and facilitating asset management is equally important to doing its technical aspects well. The Communicating with FINESSE community provides free and reasonable resources for improving your asset management soft skills.
Founded by JD Solomon, Communicating with FINESSE is a not-for-profit community of technical professionals dedicated to being highly communicators as trusted advisors to senior management. Learn more about our publications, webinars, and workshops. Join the community for free.
JD Solomon Inc, provides solutions for facilitation, asset management, and program development at the nexus of facilities, infrastructure, and the environment.
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