Last edited 03 Aug 2022

Asset management

Facilities management is the ‘...integration of processes within an organisation to maintain and develop the agreed services which support and improve the effectiveness of its primary activities’. Ref EN15221-1: 2006 Facility ManagementPart 1: Terms and definitions. It is concerned with the management of facilities at both a strategic and a day-to day level to deliver operational objectives and to maintain a safe and efficient environment.

Asset management is'...The process of developing, operating, maintaining, upgrading and disposing of an asset using the most efficient and effective means.' Ref RIBA Plan of Work 2020.

The RIBA Plan of Work 2020 suggests that: 'Asset Management provides a further overlay to Facilities Management, formalising the maintenance regimes for the building. To achieve this, some of the components of the Building Systems, such as doors and items of plant, are given asset tags and unique identifiers, allowing maintenance planning to be optimised. Examples of asset management in practice include identifying when smoke seals on doors need to be inspected or when the batteries in escape signage need to be replaced, as well as recording when the requisite work was undertaken.'

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