Asset Management Objectives
The asset management objectives are derived from the organizational objectives and must correspond to the asset management policy and take into account applicable requirements. The asset management objectives should be defined according to the SMART principle (specific, measurable, accepted, realistic, timed), monitored regularly and adjusted if necessary.
Typical asset management objectives are: maintaining the value of the infrastructure, minimizing the total cost of ownership, customer satisfaction, reliability and performance of the assets, the desired level of service, availability of the infrastructure to users, efficiency, life expectancy, environmental sustainability or energy balance of the assets. Asset management objectives are often expressed through appropriate Key Performance Indicators (KPIs).