Asset Management Plan

Actium has in depth expertise in asset management plans for local government both in terms of preparing numerous accommodation strategies both for service delivery and also for back office accommodation. Actium has experience of the whole spectrum of asset management plans both in terms of fitness for purpose assessments of service property and also capital and revenue plans for property portfolios.

Having a proactive asset management plan is vital for assets to be able to respond to current public sector business needs. Currently many public sector assets are underperforming in both financial and non-financial terms due to:

Poor fit with accommodation needs of service departments
Poor accommodation for the workforce impacting on productivity
Limited co-location of public services
Inefficient use of capital
Lack of control over and knowledge of running costs
Extensive maintenance backlogs

In terms of effective asset management Councils need to:

Take property decisions with a better understanding of the business needs
Safeguard appropriate property likely to be required in the future for particular service needs
Identify needs and opportunities within the current operational portfolio
Understand how the existing operational property portfolio helps or hinders service delivery
Allow for a more strategic view of property disposals and acquisitions to be taken
Explore property/service opportunities with partnership organisations

'Asset management is a key part of business planning which connects at a strategic level decisions about an organisation's business needs, the deployment of its assets, and its future investment needs.' Towards Better Management of Public Sector Assets, A Report to the Chancellor of the Exchequer (Sir Michael Lyons), HM Treasury, 2004'

Case Study on asset management planning - Westminster City Council Asset Management Plan for People Services

Case Study on maximising Council assets - Hertfordshire County Council Services Mapping

Case Study on asset management reviews - London Borough of Richmond Service Specific Asset Management Review