Key principles:

Know your organisation's strategic agenda, be part of it, and provide information that makes a difference in a compelling way.

Know what assets you have, what condition they are in and how they perform

Know what services the assets provide, know the future demand for these services, know how service models may change, and know the associated shortfalls.

Develop a range of possible asset initiatives and management activities that will address the shortfalls

First work out the ideal level of expenditure required to address the shortfalls, then work out whether it is achievable.

If it is not achievable, develop scenarios where a programme of work is achievable based on priorities considering financial and non-financial outcomes, while reporting the consequences of under-investment

Make decisions

Implement the work programme