Government Asset Management

Managing assets within government organisations involves navigating complex challenges. These include ensuring effective expenditure and maintaining accountability for a diverse array of assets dispersed over extensive geographical areas. Government Enterprise Asset Management (EAM) encompass infrastructure, facilities, equipment, vehicles, furniture, and much more.

Steps To Achieve Effective Asset Management

1. Establish asset standards to meet service delivery needs and adopt a greater visibility into assets for better spending decisions.
2. Manage assets within available resources and legal/technical requirements.
3. Balance competing service and asset needs and priorities, including whether assets are fit for purpose and aligned with business objectives, and selecting options that best meet desired outcomes.
4. Adopt a whole of lifecycle approach to planning asset investment and management decisions.
5. Monitor, evaluate and improve the performance of assets, including planning for uncertainty or the use of ’real options’ where appropriate.
6. Be responsive to foreseen and unforeseen changes in demand or use.
7. Have appropriate strong asset management accountability and responsibility processes, systems, risk management and reporting requirements in place.
8. Establish responsibility and accountability for maintaining, and efficiently and effectively using the assets already in place.
9. Ensure informed decision making through adequate asset information, including asset condition, existing and alternative asset use and residual value.
10. Identify and managing the risks of asset ownership and operation for continuity of service for integration into overall risk management frameworks.
11. Adopt a continuous improvement and adaptive management approach to asset investment policies and practices.
12. Embrace a circular economy approach to fit-out design, construction and de-fit.
13. Perform regular internal asset audits via mobility solutions to ensure your enterprise asset management system is up-to-date.

Greater Visibility Enables Better Budget Decisions

Our asset management solutions provide greater visibility into all your assets, enabling better spending decisions. This enhanced oversight helps reduce costs and keeps your agency within budget, ensuring efficient and responsible management of public resources. Hardcat’s government asset management solution offers best practice asset management processes by adopting ISO55000 and is used in the development of asset management policies, strategies and planning that aligns with the strategic business goals.

Compliance With Confidence

The operational use of the Hardcat EAM Solution, together with efficient audit activities, ensures the asset data is accurate and empowers the organisation to achieve effective governance and declare statutory compliance with confidence. Hardcat Solutions enable efficient asset allocation, sharing and tracking to provide a single source of truth, ensuring clear accountability of assets, delivers instant access to accurate asset information, delivering asset certainty.

Optimal Investment Decisions

The extension of an asset’s operational life requires the active planning and tracking of preventative maintenance to optimise the return from investments including equipment, vehicles, and facilities. The organisation benefits from asset reliability through a single, central system managing both preventative and reactive maintenance activities and enabling optimal investment decision making through tracking an asset’s total cost of ownership including servicing costs and managing the associated inventory of critical supplies.

Delivering Quality Services

Governments have many types of assets that they need to manage and account for. Supporting various agencies with enterprise asset management provides a coordinated approach to delivering quality services. Enterprise asset management solutions permits government organisations to manage how all their assets are maintained and utilised. Government asset management improves activities across administrative departments, for both local and national agencies.

Hardcat solutions for both evidence management and enterprise asset management enables government organisations to take control of their long term financial plans by realising their asset management plan and having access to reliable data to improve forecasting of annual budgets and actively manage the operational expenditure.