Elements and Performance Criteria
- Develop and implement management control process
- Roles and devolved responsibilities of business units or departments are clarified to ensure effective management of assets in line with corporate objectives and responsibilities.
- Specific reporting and monitoring standards required from business units or departments in line with statutory and corporate requirements are determined and complied with.
- Information systems that provide the information necessary for effective and efficient asset management for all levels within the organisation are established and maintained.
- Regular audits are arranged, where appropriate to the organisation, to establish a continuous improvement cycle.
- Review existing practices, procedures and systems
- Assessments of current status of asset management activities within business units or departments are conducted regularly in accordance with asset management plan.
- Milestones and targets are set up and adhered to by the groups responsible.
- Areas of difficulty are identified and strategies are developed to overcome these difficulties.
- Consistency in approach to asset collection is ensured by implementation of cost-effective checking techniques.
- Review service levels
- Benchmark performance of asset management
- Develop and implement management control process
- Roles and devolved responsibilities of business units or departments are clarified to ensure effective management of assets in line with corporate objectives and responsibilities.
- Specific reporting and monitoring standards required from business units or departments in line with statutory and corporate requirements are determined and complied with.
- Information systems that provide the information necessary for effective and efficient asset management for all levels within the organisation are established and maintained.
- Regular audits are arranged, where appropriate to the organisation, to establish a continuous improvement cycle.
- Review existing practices, procedures and systems
- Assessments of current status of asset management activities within business units or departments are conducted regularly in accordance with asset management plan.
- Milestones and targets are set up and adhered to by the groups responsible.
- Areas of difficulty are identified and strategies are developed to overcome these difficulties.
- Consistency in approach to asset collection is ensured by implementation of cost-effective checking techniques.
- Review service levels
- Benchmark performance of asset management