Issue link: https://resources.esri.ca/i/991079
managing your assets intelligently, which will enable you to deliver maximum value to your organization and the people you serve. With an EAM program, decisions become more defensible when setting priorities or requesting additional funds to maintain defined levels of service. If you are at the beginning of the process, you might be wondering how to start. Creating an Organizational Strategic Plan, Asset Management Policy, Asset Management Strategy, and Asset Management Plans are the first steps to establishing a systematic approach for effective lifecycle management of your assets. It will help you assess where your organization is on the asset management spectrum: from just getting started, to developing a plan, to an all-inclusive enterprise methodology. When you decide to launch an asset management program, it's helpful to know these two most important questions: What do you have? And, what are you doing about it? If you've nailed down the answers to these questions, it's relatively easy to follow this seven-step approach that Esri recommends in its guide to using GIS in Asset Management. To help visualize the path to full EAM, experts recommend five stages, set in sequence. Following a well-structured asset management plan, each stage will move you along from Basic to Enterprise. The sooner you move away from raw memory and paper, the faster you will realize the benefits of asset management. When creating an Asset Management (AM) plan, it's also important to note what to include and plan for. An EAM system is made up of three core components, which can be described as: 1. A System of Record – your repository of authoritative data 2. A System of Engagement – sharing and interacting with the data internally and externally 3. A System of Insight – facilitating actionable decisions A System of Record lays the foundation for your CAMP. It provides a centralized governance structure that delivers efficiencies, and builds confidence and trust in your data. A System of Engagement is about sharing and interacting with the data internally and externally. It should reflect your organization's structure and help you achieve your goals through well-defined collaboration workflows. A System of Insight provides exploratory spatial, tabular, and charting/dashboarding analyses that can reveal new relationships, patterns and trends in data. As skilled as we are with spreadsheets, it is ArcNorthNews SPRING 2018 | 5 Steps to Using GIS in Enterprise Asset Management: 1. Complete an asset inventory 2. Capture the right asset data (i.e. acquisition date, estimated service life, condition score, replacement cost, etc.) 3. Determine levels of service and associated key performance indicators 4. Establish an asset data management and governance plan 5. Identify and calculate risk and identify critical assets 6. Extrapolate a forecast of asset renewal dates and associated costs 7. Adjust the budget accordingly The organization has not recognized the need for this requirement and/or there is no evidence of commitment to put it in place . The organization has identified the need for this requirement and there is evidence of intent to progress it. The organization has identified the means of systematically and consistently achieving the requirements, and can demonstrate that these are being progressed with credible and resourced plans in place. The organization can demonstrate that it systematically and consistently achieves relevant requirements set out in ISO 55001. The organization can demonstrate that it is systematically and consistently optimizing its asset management practice, in line with the organization's objectives and operating context. The organization can demonstrate that it employs the leading practices and achieves maximum value from the management of its assets, in line with the organization's objectives and operating context. Innocent Aware Developing Competent Optimizing Excellent