Asset Management Strategy (Definition)

The generic management strategy (Action) for an asset which is derived in the Queensland Government from the position of the asset on three Assets Assessment Grids (Risk, Operational Performance, and Attractiveness) according to how it has been rated by the agency in terms of the four characteristics of its Business Impact, Future Business Value, Technical Condition and Scaled Cost. The Action suggested for an asset may be: Optimisation; Replacement; Rationalisation; Enhancement; Further Research/Exploration; or Decommission.


Last Reviewed: 15 February 2018

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