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TOWN OF COLLINGWOOD INVESTMENT GRADE AUDIT JUNE 17, 2016E0295dE N E KG Y×Photo courtesy of Cree Inc. TOWN OF COLLINGWOOD INVESTMENT GRADE AUDIT JUNE 2016June 17, 2016 John Ve lick Manager, Engineering
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Define the purpose of the strategic asset management policy.
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Identify the key stakeholders involved in asset management.
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Establish goals and objectives for the policy.
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Develop a framework for asset management practices.
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Who needs strategic asset management policy?

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Any organization looking to effectively manage their assets
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Strategic asset management policy is a guideline that outlines how an organization will manage its assets to achieve its strategic objectives.
Organizations that have assets that need to be managed strategically are required to file a strategic asset management policy.
To fill out a strategic asset management policy, organizations need to assess their current assets, determine strategic objectives, and outline a plan to achieve those objectives.
The purpose of a strategic asset management policy is to ensure that an organization's assets are managed efficiently and effectively to support its strategic goals.
Information such as asset inventory, asset valuation, strategic objectives, asset management plan, and performance measures must be reported on a strategic asset management policy.
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