Refers to strategic approach of managing a club’s/branch’s physical assets to maximise their value, minimise costs, and optimise their performance throughout their lifecycle. It involves the planning, acquisition, operation, maintenance, and disposal of assets in a way that aligns with the club’s/branch’s objectives and ensures the assets are utilised efficiently and effectively.
Clubs and Branches should be completing the following.
| Asset Inventory and Assessment | Conduct a comprehensive inventory of all assets, including their location, condition, and criticality. Log all surf related equipment through Surfguard using the SLSA Gear & Equipment procedure |
| Asset Planning and Strategy | Develop a clear asset management plan and strategy that aligns with the club’s/branch’s goals and objectives. This includes defining asset performance targets, maintenance strategies, and investment plans. |
| Lifecycle Management | Implement practices to manage assets throughout their lifecycle, from acquisition to disposal. This includes effective procurement processes, maintenance and repair programs, and proactive replacement or renewal strategies. |
| Risk Management | Identify and assess risks associated with asset performance, safety, regulatory compliance, and financial implications. Implement risk mitigation measures and contingency plans to ensure asset reliability and minimize potential disruptions. |
| Data and Information Management | Establish systems and processes to collect, analyse, and manage asset-related data and information. This enables informed decision-making, predictive maintenance, and performance tracking. |
| Performance Monitoring and Reporting | Regularly monitor asset performance against defined targets and metrics. Generate reports and key performance indicators (KPIs) to track asset performance, costs, and compliance. Use this information to identify areas for improvement and drive decision-making. |
| Stakeholder Engagement | Involve relevant stakeholders, such as asset managers, operations personnel, finance teams, and external partners, in the asset management process. Encourage collaboration, communication, and shared accountability for asset performance and outcomes. |
| Continuous Improvement | Foster a culture of continuous improvement by regularly reviewing and refining asset management practices. Seek feedback from stakeholders, evaluate performance data, and implement lessons learned to enhance asset management processes over time. |
TGOV0056 – Asset Management Template.xlsx
Revision:
8
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