Managing Assets

This section:

  • Provides checklists that enable proper consideration of the costs of maintaining and repairing assets to ensure that they remain assets into the future - this is important because this is an area often neglected in favour of spending on other priorities but are seen as a key risk by those who want to transfer ownership of an asset to an organisation.

  • Provides tools that can be used to consider the main responsibilities and liabilities that an asset owning organisation may have in the day to day running of an asset. They may vary considerably, but need to be considered in detail to estimate costs, staff and other resources required for meeting the project objectives – it is important to consider these as soon as it is possible, in order to feed into the business plan process that may demonstrate the financial viability of the project.

  • Provides information on the methods that can be used to measure the impact of a project and the organisation that runs it, as well as the pros and cons associated with their use – measuring impact may be particularly important where an asset is to be transferred at less than market value – the transferring owner may require information about the public benefits that would result from it in order to justify a transfer.

  • Looks at ways to monitor the use and financial performance of an asset in order to improve its performance – once an asset project is complete, its use will be likely to change over time as a result of both internal and external pressure on the organisation running it. Planning for this by careful monitoring enables an enterprising response to these changes.