Asset management for directors /
Delivering value from the company's assets is one of the key roles of the board. Accordingly, it's critical that company directors have a thorough understanding of asset management principles and how they apply to board decision making.
Clasificación: | Libro Electrónico |
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Autor principal: | |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
Sydney, N.S.W. :
Australian Institute of Company Directors,
2016.
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Temas: | |
Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Intro
- Copyright page
- Introduction
- Chapter 1: Leadership for good asset governance
- 1.1 The board's role in asset management
- 1.1.1 Governance framework
- 1.1.2 Asset management framework
- 1.1.3 Board's rationale for adopting the ISO 5500X standards
- 1.2 Considering asset management fundamentals in light of Tricker's governance model
- 1.2.1 Value
- 1.2.2 Alignment
- 1.2.3 Assurance
- 1.2.4 Leadership
- 1.3 An integrated governance and asset management framework
- 1.3.1 Leadership
- 1.3.2 Strategy and value: future focused
- external environment
- 1.3.3 Policy and alignment: future focused
- internal environment
- 1.3.4 Risk and external assurance: present and past focused
- external environment
- 1.3.5 Compliance and internal assurance: present and past focused
- internal environment
- 1.4 The role of stakeholders
- 1.4.1 Identifying stakeholders
- 1.4.2 Assessing stakeholder expectations
- Chapter 2: Strategy and value
- 2.1 The board's role in value creation
- 2.2 Assessing asset value
- 2.3 Measuring the value of asset management
- 2.3.1 Aligning metrics with strategic objectives
- 2.4 Adding value through growth
- 2.4.1 Growth through acquisition
- 2.4.2 Organic growth
- 2.4.3 Patterns of growth
- 2.4.4 Asset management as capacity assurance
- 2.5 Balancing cost, risk and performance in value creation
- 2.5.1 Cost
- 2.5.2 Risk
- 2.5.3 Performance
- 2.6 Realising value in underutilised assets
- 2.6.1 E-commerce platforms as tools for improved utilisation
- 2.6.2 Creating value in the sharing economy
- 2.6.3 Creating value through reduced transaction costs
- 2.6.4 Reducing barriers to entry
- 2.7 The value of ownership vs the value of utility
- 2.7.1 Software
- 2.7.2 Cars
- 2.8 Assessing your competitive environment
- 2.8.1 Existing competition
- 2.8.2 Barriers to entry
- 2.8.3 Substitutes
- 2.8.4 Customer bargaining power
- 2.8.5 Supplier bargaining power
- 2.9 Applying asset management to strategic decisions
- 2.9.1 Line of sight
- 2.10 Creating value for the long-term
- 2.10.1 Valuing waste as a resource
- 2.10.2 Asset management as an approach to sustainability
- Chapter 3: Policy and alignment
- 3.1 The board's role in policy and alignment
- 3.1.1 Vision and values
- 3.1.2 Corporate objectives
- 3.1.3 Business plans
- 3.1.4 Asset management policy
- 3.1.5 Strategic asset management plan
- 3.1.6 Asset lifecycle management
- 3.1.7 Asset information systems
- 3.2 Board decision making
- 3.2.1 Asset criticality
- 3.2.2 Decision support systems
- 3.2.3 Systems integration
- 3.2.4 Investing in information systems
- 3.2.5 Consideration of different asset types
- 3.2.6 Decision-making pitfalls
- 3.3 Maintaining alignment across the asset lifecycle
- 3.3.1 Design/selection/acquisition
- 3.3.2 Commissioning
- 3.3.3 Asset management plans
- 3.3.4 Maintenance
- 3.3.5 Asset renewal and/or disposal