Introduction to Built Asset Management Provides a multidisciplinary introduction to building maintenance management and execution, covering a wide range of current technical and management issues The maintenance and upgrading of existing buildings is no longer viewed as separate from the operational phase of the completed building. Maintenance and management are now regarded as fundamental parts of a building’s life cycle, forming a significant percentage of the construction industry’s total output. As higher education programmes in the UK and elsewhere continue to place greater emphasis on the longer-term view of construction projects, students and instructors require a thorough and up-to-date textbook that emphasises the comprehensive nature of building maintenance. Introduction to Built Asset Management is a systematic introduction to both the technology and management issues central to building maintenance and refurbishment. Covering the entire life cycle of built assets, the textbook reviews the role of framework agreements, describes key performance indicators, discusses recent advancements in the procurement of maintenance activities and more. Detailed yet accessible chapters include illustrative examples, seminar questions and self-assessment tasks that enable students to measure their progress as they work through the material. Designed to meet the needs of today’s learners, this much-needed textbook: Addresses a variety of both environmental and commercial concerns Evaluates important concepts of sustainability, sustainable maintenance and carbon resilience Discusses the growing retrofit market in the wider context of asset management and maintenance Describes information management tools such as building information modelling (BIM) and geographic information systems (GIS) Introduction to Built Asset Management is ideally suited for courses in construction, construction management, building surveying and facilities management with modules in built asset management and maintenance.

Discover why and how to use facility assets to achieve business goals and strategies by aligning them as a resource.

Building assets are essential to the economic, cultural, and historical growth of any nation. Examples of buildings include shelters, entertainment facilities, living spaces, teaching facilities, civil offices, parking structures, police buildings, libraries, and service areas used to accommodate human activity. Deterioration of building assets, inadequate renewal budgets, climbing deficits, and increasing demand levels are difficulties that face owners when managing building assets. The role of asset management has recently become significant in municipal governments for strategic, operational, and financial reasons. The main functions of an asset management system include assessment of the current condition, prediction of future deterioration, asset prioritization, selection of maintenance and repair strategies, and fund allocation. Many research efforts have been mostly focused on managing a few infrastructure asset types such as bridges, pavements, and underground utilities while neglecting building assets. However, properly managing building assets cannot be ignored as they suffer over time serious problems including deterioration, premature failures, and possibly the need for replacement. Additionally, the scarcity of and increasing demand for building materials, shortages of land and energy, and limited resources add to the need for effective building asset management. There are numerous types of assets that must be analyzed and categorized, presenting difficulties in the development of a universal management system for the different types of buildings. Each building type is complex with unique characteristics and numerous components that have different maintenance needs and requirements. Additionally, existing standard building classification systems lack specific requirements for effective building asset management such as asset location and asset attributes including condition and deterioration rates. These standard systems have priorities that are mostly focused on estimating costs during the design and construction phases, and do not necessarily align well with the needs of asset management. Consequently, an effective data-driven decision-making process is critical for proactively maintaining and ensuring the long-term sustainability of building assets. Defining asset management requirements in the early project stages and facilitating the integration of asset data collected during design and construction with building asset information are critical issues that must be addressed. Early efforts in data integration have focused on the design and construction phases without considering asset management requirements and processes. Therefore, the goal of the research effort in this dissertation is to develop a comprehensive framework for building asset management that will facilitate the integration of all life cycle phases. An automated decision support system for building asset management using building information modeling (BIM) and relational database management systems (DBMS) was developed. The system consists of a new building asset inventory model that is based on the work breakdown structure (WBS) principles, a multi-phase condition rating method, and a building asset DBMS that is integrated with the BIM model. The main contributions of this research include 1) developing a framework for asset management that integrates all life cycle phases of buildings; 2) eliminating duplicate data collection efforts and data redundancy, 3) improving the quality, integrity and timeliness of asset information; and 4) enhancing building asset performance through proactive maintenance or replacement decision making processes. The results and findings of this study could be the starting point for extensive work related to 1) as-built data that is needed for building asset management; 2) integrating the BIM-DBMS asset management with geographic information systems (GIS) to improve certain asset tracking such as underground utilities; and 3) examining the applicability of the proposed framework on other types of municipal assets such as roads, and bridges.

A comprehensive approach focused on sustainable change Asset Building and Community Development, Fourth Edition examines the promise and limits of community development by showing students and practitioners how asset-based developments can improve the sustainability and quality of life. Authors Gary Paul Green and Anna Haines provide an engaging, thought-provoking, and comprehensive approach to asset building by focusing on the role of different forms of community capital in the development process. Updated throughout, this edition explores how communities are building on their key assets—physical, human, social, financial, environmental, political, and cultural capital— to generate positive change. With a focus on community outcomes, the authors illustrate how development controlled by community-based organizations provides a better match between assets and the needs of the community.

Asset Management, Second edition is a key reference for practitioners and decision makers working in infrastructure and asset dependent businesses, and will also appeal to students and practitioners new to this area.

Managing physical assets is a cooperative and cross-functional discipline that demands a solid governance structure, strong leadership, and well-coordinated policies and practices to meet organizational objectives and requirements in the context of their operations. Organizations struggle to balance cost, performance, and risk with regard to the management of physical assets. Traditional physical asset management systems tend to be silo-based in that they have been developed by a particular section or function for use only in that function. The effects of the isolated function-specific asset management systems are widespread and have significant implications, creating gaps and overlaps in business processes or impeding the decision-making processes. Organizations are investing lots of money and resources in building their physical asset management systems. However, for far too long the focus has been mostly on the tools and methodologies. These companies need to step up and undergo a paradigm shift focused towards creating a system of organization-wide physical asset management, and moving away from the silo approach. This transformational process will provide: an improvement in coordination and collaboration. the ability to manage physical assets across the organization. an alignment of all functional areas within an organization to reach common goals. This book will benefit practitioners and students enrolled in asset management programs, and help to change the way they understand and implement an effective physical asset management system to a more organization-wide, systems approach.