Strategic Asset Management Plan (SAMP) and Management Strategies for Building Maintenance

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BUILDING LIFE CYCLE MAINTENANCE
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Date

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STRATEGIC ASSET MANAGEMENT PLAN (SAMP)
QUESTION 1
Role and objectives of the strategic asset management plan (SAMP)? And the types of plans
that are part of the SAMP and the management strategies and plans that organizations use to
manage building maintenance
Strategic Assets Management Plan (SAMP) is a manual which gives clear guidelines that
state how organizational aims and objectives are transformed into asset management
(Alegre, 2013, p. 273). Also, the SAMP describes the approach the organization will take
ensure that it complies with the asset management objectives.
Roles and objectives of SAMP
The main objective of SAMP is to ensure that the company meets its service delivery in a
more effective manner
The objectives of the SAMP can be achieved through:
 Utilizing then service potential of the assets which are existing by ensuring they are
properly utilized and maintained.
 Minimizing assets demand through demand management methods and considering
alternative service delivery choices.
 Achieving the goal of value for money injected into projects initiated by the company
and also ensuring that the evaluation process is done accordingly to account for
operational and maintenance costs and value management methods (Ngwira, 2015,
p. 211).

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 Eradicating unnecessary holding and acquisition of the assets through ensuring that
the parties are aware of the project and needed to pay for the complete costs of using
and holding the assets.
 Ensuring that there is transparency and accountability on projects undertaken by the
agencies and a follow to be done by reporting any requirements concerning the asset
management.
Types of plans incorporated in SAMP
The Strategic Assets Management Plan (SAMP) is made up of the following plans:
i) An acquisition plan: is referred to as the assets which are needed or substituted in
the planning periods, and the ones which establish the costs and the sources of
funding acquisition. This is the main management strategic assets management
activity. The initiation process of the projects is a very important aspect of the
strategic assets’ management ensuring that all the new investments are only used
where they can support enhanced service delivery (Haynes, 2010, p. 78). This
plan ensures that the additional assets are only funded where they are funded where
the need has been recognized, investigated evaluated and substantiated
ii) Operational plan: the operational plan normally defines how the existing assets are
being used and normally includes issues related to accountability, security,
accessibility and monitoring the performance. The operational m plans give the
agency’s ability to ensure proper management of the existing assets and that they are
maintained effectively and efficiently, and that they fully support the service
delivery (McPhee, 2010, p. 15).
The actual functional, operational and financial performance of the assets should be
closely monitored and the process established to address any deficiency in
performance and at the same time to increase performance.

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 The operational plan normally addresses the following issues:
 Operational training
 Arrangements for the asset’s performance monitoring
 The role of the asset
 The estimated operational costs (Treasury, 2014, p. 24).
iii) The maintenance plans. This document plan gives a checklist of assets to be
maintained, including their level of maintenance and the type of service
maintenance. The importance of this plan greatly relies on how effective it
accomplishes its intended purpose (Council, 2017, p. 44). The preparation of
asset’s maintenance plan will ensure that the maintenance activities are carried out
in the required areas and within the specified timelines. This will facilitate the cost-
effective use of all the resources allocated for maintenance. The results of the
effective assets management include;
 Improved asset service and performance
 Enhanced public image of the assets
 Improved safety and service standards
iv) Reduction in operational and maintenance of the life cycle cost. The disposal plan
which in most cases classifies the assets which are to be disposed off in the period of
planning, the application of the proceeds that are in place and the expected proceeds
on disposal.
v) The funding plans. This type of planning method gives options that are available for
funding capital and the existing recurrent assets costs. This plan defines the options
which are available for funding capital and the recurrent assets costs.
vi) The risk management plan. This plan defines the risks management methods and all
the actions which are to be carry out for the assets which are controlled.