By Chris Lloyd

The 1st e-book of its type, Asset administration bargains finished and available assurance of all of the significant elements of the topic, supplying a useful connection with these operating in or studying approximately asset-intensive industries

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Background Dublin Airport Authority plc (DAA) is an airport management company. Its principal activities are the management, operation and development of Dublin, Cork and Shannon Airports in Ireland, domestic and international airport retail management, and airport investment. DAA is a state-owned organisation that is fully commercially funded. Dublin Airport is regulated by the Commission for Aviation Regulation, an independent public body under the auspices of the Irish Department of Transport.

What are the main obstacles to achieving this? 1. REFERENCE BSI (2008) PAS 55:2008. The specification for the optimised management of physical assets. Parts 1 and 2. British Standards Institution, London. 38 Copyright © ICE Publishing, all rights reserved. 1. Background and context For some time now, governments have favoured capital allocations above recurrent funding because the one-off nature of capital appears to allow greater control. There have been two major consequences: (1) asset portfolios have increased, but the means to maintain and operate them have not, and (2) budget petitioners – government departments and non-government organisations – have been encouraged to measure their value to the community in terms of their success in winning capital allocations.

Without a group understanding of the importance of each functional area to overall service delivery, it was possible to become preoccupied with capital improvements to functions that actually contributed very little to overall service. The development of the service-oriented approach, therefore, placed emphasis on determining the relative 42 Copyright © ICE Publishing, all rights reserved. Case study: Arts Victoria importance of each functional space. Where organisations found this difficult, they were asked to think about what they would want to re-establish first if all their facilities were destroyed by fire.

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Asset Management: Whole Life Management by Chris Lloyd
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