Asset manager capability assessment tool

Project name

Date

Evaluation panel
members

Level Current Needed What asset management characteristics do you recognise?

Red Inadequate whole-of-life asset management approach
1 Investment asset strategy is not aligned to the organisation's strategic objectives
Poor decision making, governance structures and processes undermine asset strategy
Reactive management and/or ill-defined roles and responsibilities
1 Lack of resilience
Unnecessary use of bespoke solutions
Not based on whole life value for money proposition
1 No strategic engagement with the operators and/or supply chain
N/A Inappropriate, changing or no data
No investment in capability development
1 Inappropriate transfer of risks
Lack of clear accountability for key decisions
Suspicious culture
Technology viewed as a panacea
Work practices compromise delivery
Poor strategic awareness of market capacity and capability
Poor development and retention of sponsor capability
Green 1 Whole life asset strategy
1 Optimised asset grouping
1 Asset performance measurement
1 Planned asset resilience
1 Formalised whole-of-life asset management processes, functions and roles
1 Plan for operational readiness
1 Active stakeholder engagement
1 Competency assessment and development framework is utilised
1 Data usage and information management
Blue 1 Intelligent use of assets aligned to organisational goals
1 Continuity of performance through asset life
1 Effective governance, leadership and change management
1 Investment efficiency and performance measurement
1 Systemic organisational view of assets
1 Effective operational readiness strategy in place
1 Assured capability
1 Intelligent data usage and knowledge management

Source: UK HM Treasury. Improving Delivery: Project Initiation Routemap. Asset manager capability assessment tool.