Asset Management Strategy

The efficient use of public assets, and effective asset management processes that unlock value.

Project Description

Objectives

• to reduce the net cost of service delivery through the efficient use of public assets
• to promote effective asset management processes that unlock value

Key Achievements

• Asset Management Unit established in September 2011
• First set of Asset Management Plans completed by Departments in December 2012
• Executive’s Asset Management Strategy approved in June 2013
• First State of the Estate report published December 2013
• Property controls introduced in July 2014
• £51m invested in property invest to save projects by February 2015
• £36m of annual resource savings achieved by March 2015
• £156m of additional capital realised by March 2016
• Asset Management professional Services Framework became operational in May 2016
• Appointment of Asset Management Plan SRO’s by each Department

Governance

• Asset Management Programme Board chaired by the First Minister and deputy First Minister
• Asset Management Delivery Oversight through the NICS Board chaired by Head of Civil Service
• Engagement through Finance Director’s Forum
• Engagement through Asset Management Forum
• Asset Management Unit with support from the Department of Finance co-ordinate the delivery of objectives