A framework for strategic infrastructure asset management

Abstract

Organisations owning and managing infrastructure assets are constantly striving to obtain the greatest life time value. This has resulted in an increasing preference for the privatisation of infrastructure asset provision based on
the assumption of greater competition-led performance. Despite having more innovative processes in the private
sector, many of these processes are fragmented. There is an urgent need to document the processes involved in the management of infrastructure assets. Through case studies, this paper aims to first, review the goals of infrastructure asset management and investigate the extent to which they reflect a business resource approach to
infrastructure asset management. Second, the paper will identify the core processes of infrastructure asset
management. These observed processes are then synthesised into an integrated model to serve as a benchmark
for practising manager looking to create value within their organisations.