Asset Management

Private and public organisations that rely heavily on physical assets to deliver their business objectives face a myriad of challenges including:

  • Managing within tight financial constraints (and often having to do more with less)

  • Dealing with increasing stakeholder expectations (as customers become more informed buyers and as the business faces more competition and/or increasing regulatory constraints)

  • Managing the constantly changing risk profile across the entire lifecycle of their assets

Effective asset management enables an organisation to tackle these challenges in a structured, consistent and coordinated way.


Asset management is a journey that takes a substantial amount of time and focussed effort to get to a stage where it is at a level of sophistication that is appropriate for your organisation. And the journey never really ends as there is an on-going element of continuous improvement that needs to be undertaken to ensure your approach stays relevant and fit-for-purpose.


Knowing when, where and how to improve is just as important as the quality of the improvement itself. Otherwise how else can you ensure that you are investing your precious time, energy and money on the improvement activities that are going to truly add value to your business?

Cambia Consulting can help you improve your asset management, regardless of where you are in your journey. 


Strategic Asset Management Planning


Asset Management Planning


Risk Based Decision Frameworks


Asset Management Information Systems


Strategic Asset Management Planning

At its highest level, Strategic Asset Management Planning is about ensuring asset management practices are aligned to, and support the delivery of, organisational objectives.  It requires the asset management planning process to be fully integrated within the strategic planning process of the organisation, and it therefore involves all functional areas of a business (e.g. Engineering, Operations, Maintenance, Finance, Human Resources, Information and Communications Technology).


Strategic Asset Management Planning guides lower level planning processes, such as Asset Management Planning, Operational Planning, Maintenance Planning and Works Programme development. It also identifies initiatives for asset management improvement and processes for audit and review.

The key challenge is determining an appropriate approach to asset management for a specific organisation. Factors that influence the sophistication of the asset management approach for an organisation include its:

  • Nature, purpose and size

  • Operating context


  • Expectations and that of its stakeholders


  • Financial constraints


  • Statutory and regulatory requirements

Cambia Consulting can add value by:

  • Identifying asset management objectives and link these to organisational objectives (to ensure your asset management approach is clearly aligned to and supports your business)


  • Documenting your current approach to asset management (taking into consideration People, Process, Technology and Data)


  • Designing an asset management approach that is appropriate for your organisation


  • Developing an improvement plan to lift your asset management capability to a level that is appropriate for your organisation


  • Implementing the improvement plan (including project management of the improvements)


  • Providing an independent review of your improvement plan

Contact us to discuss how we can help.



Asset Management Planning

Asset Management Planning is about identifying the lifecycle activities to be undertaken on assets, the associated resource requirements and financial forecasts, while considering:

  • Asset management objectives

  • Demand for services provided by the assets


  • Risk associated with the assets

  • Level of asset management maturity and data quality of the organisation

Cambia Consulting can add value by:

  • Undertaking any aspect of Asset Management Planning


  • Writing Asset Management Plans


  • Guiding you in the process of writing Asset Management Plans


  • Peer review of your existing Asset Management Plans

Contact us to discuss how we can help.


Risk Based Decision Frameworks

Establishing and documenting risk based decision making frameworks provides a way for organisations to consider cost, performance and risk in their asset management decision making. It also  provides a way to demonstrate transparent, consistent and defensible decisions on their assets to stakeholders.


Some asset management activities that can supported by a risk based decision framework includes:

  • Prioritisation of works programmes within or across asset groups

  • Development of routine management strategies for existing assets such as preventive maintenance, condition monitoring schedules or justification of an operate to failure strategy


  • Selection of a preferred option from a range of different options to continue to provide an existing service (e.g. renew / replace versus continuing to maintain), provide a higher level of service or to provide a new service


  • Identification of required Emergency Response plans


  • Identification of required Contingency plans to restore a service after a major asset failure or respond to a specific event

Cambia Consulting can add value by:

  • Developing a tailored risk based decision making framework that is aligned (where possible) to your corporate risk management framework, including the development of software tools to assist you implement the decision making framework

  • Developing condition assessment frameworks to enable consistent and repeatable evaluation of the remaining useful life of your assets

  • Implementing Failure Modes Effects and Criticality Analysis (FMECA) and Reliability Centered Maintenance (RCM) projects, including customisation and planning, project management, facilitation, training and mentoring

Contact us to discuss how we can help.

Asset Management Information Systems


An Asset Management Information System is a tool that enables users to store and manipulate asset data in an effort to make informed decisions across the entire asset lifecycle (i.e. planning, acquisition/creation, operations, maintenance, renewal, replacement and disposal).


The elements of an Asset Management Information System are:

  • Hardware – such as computers, tablets, smart phones, global positioning satellite (GPS) devices, the Internet of Things (IoT) devices, network servers and cloud servers

  • Software – consisting of the application programs that process and enable you to interact with your asset information


  • Interfaces – that define and handle information exchange between different software and hardware components


  • Data – which is a key organisational resource and where its currency and accuracy need to be matched to an organisations business needs and asset management decision making processes


  • Procedures – so that users know how to use the system, and assist with maintaining data quality


  • People – bring the other elements together and integrate the system into the business environment

Cambia Consulting can add value by:

  • Developing requirements and assisting with the evaluation, selection and procurement of a system


  • Project Managing systems implementation


  • Undertaking business process definition and reengineering


  • Developing asset registers, asset hierarchies and asset numbering systems


  • Defining data requirements to support asset management decision making


  • Undertaking asset data cleansing and migration


  • Identifying system improvements (including the change of system use and configuration to align with reengineered business processes)


Contact us to discuss how we can help.