Here , I would like to emphasise that upto-date information to support management decisions on items such as network inventory details , traffic , axle loads , costs and road conditions is vital .
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Here , I would like to emphasise that upto-date information to support management decisions on items such as network inventory details , traffic , axle loads , costs and road conditions is vital .
measuring the performance of Government assets .
The Public Works Department ( PWD ) as the construction and building technical arm of the Government is entrusted with a key role in establishing best practices of Total Asset Management and act as the Secretariat to the committee in formulating policies by providing systems , standards and technical consultancy .
The adoption of the Government Asset Management Procedure delineates the Government Asset Management Method from the creation to the disposal phase with the objectives of providing complete asset information for planning control ; effective operation maintenance ; and budgeting performance rating measurement enforced at all levels of the Federal and State Governments .
In 2008 , the PWD in collaboration with MAMPU , developed the mySPATA , an online system to manage public assets . This is an electronic based asset management solution applied to all categories of assets belonging to all ministries and departments in Malaysia .
Another notable initiative is the implementation of Accrual Accounting which recognises and records all assets , liabilities , revenues , expenses , gains and losses in their financial statements or balance sheets . The introduction of the Integrated Facility Management ( IFM ) has yielded physical proof that it can be one of the methodologies to be adopted and through IFM , asset owners can focus on their respective core business to increase productivity
The other aspect of importance is training and building competencies in asset management which the PWD has strategically identified . More than 50 of its officers will undergo postgraduate studies in Asset Management at Universiti Teknologi Malaysia ( UTM ) in strengthening its talent pool .
In general , Infrastructure Asset Management and Facilities Management ( FM ) are relevant with the onset of the life cycle analysis ( LCA ) and the determinants of life cycle costing ( LCC ). Through LCC it was obvious that different parts of the assets will have different life cycles and thus have differing maintenance requirements . Therefore to optimise the life cycle of these assets , their operational components will require constant supervision and maintenance .
The life-cycle of an asset ’ s components may not have sufficient economy of scale to justify the setting up of an in-
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