Develop and implement asset management strategy to create capital works programme for roads

Abstract

Organisations manage assets to provide services to various customers effectively and efficiently through the development of a comprehensive asset management system. The asset management strategy is a core component of an asset management system that is defined from a different perspective in the area of asset management. An explicit definition will make it easy to comprehend, develop and implement. The development and implementation of an effective asset management strategy play a vital role in formulating a long-term capital works programme as part of capital investment planning. How to develop and implement the strategy to create an effective capital works programme is the main research question. This paper defines the asset management strategy at three levels and develops and implements the strategy to create the capital works programme for roads using a case study approach following a six-step methodology.