Best Practices in Selecting Performance Measures and Standards for Effective Asset Management PDF Download

Author: Adjo A. Amekudzi
Publisher:
ISBN:
Category : Infrastructure (Economics)
Languages : en
Pages :

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"This report assesses and provides guidance on best practices in performance measurement, management and standards setting for effective Transportation Asset Management (TAM)."--P. 2.

Author:
Publisher: DIANE Publishing Inc.
ISBN:
Category : Express highways
Languages : en
Pages : 30

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Author: Patricia A. Crotty
Publisher: American Water Works Association
ISBN: 9781583213049
Category : Business & Economics
Languages : en
Pages : 152

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Based on a 1995 charter for utility quality service program (QualServe), it was recognized that benchmarks were key to improved performance. This initial project identified 20 performance indicators, all which are defined and discuses in this text. Broad categories are: Organization Development, Customer Relations, Business Operations, Water Operations and Wastewater Operations. With input from over 300 utility employees, this report should be of interest to water utilities of all sizes

Author: National Research Council
Publisher: National Academies Press
ISBN: 030916544X
Category : Technology & Engineering
Languages : en
Pages : 121

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The United States Department of Energy's (DOE) facilities stewardship is extremely important to the department's ability to achieve its mission of protecting national, energy, and economic security with advanced science and technology and ensuring environmental cleanup. Intelligent Sustainment and Renewal of Department of Energy Facilities and Infrastructure evaluates the steps the department is taking to improve its facilities and infrastructure management. This report develops best-practice techniques for DOE real property asset management and guidelines for deciding when to repair, renovate, or replace DOE buildings.

Author: National Research Council
Publisher: National Academies Press
ISBN: 0309181763
Category : Transportation
Languages : en
Pages : 52

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In 1997, Congress, in the conference report, H.R. 105-271, to the FY1998 Energy and Water Development Appropriation Bill, directed the National Research Council (NRC) to carry out a series of assessments of project management at the Department of Energy (DOE). The final report in that series noted that DOE lacked an objective set of measures for assessing project management quality. The department set up a committee to develop performance measures and benchmarking procedures and asked the NRC for assistance in this effort. This report presents information and guidance for use as a first step toward development of a viable methodology to suit DOE's needs. It provides a number of possible performance measures, an analysis of the benchmarking process, and a description ways to implement the measures and benchmarking process.

Author: Carl R. Bacon
Publisher: John Wiley & Sons
ISBN: 1119831946
Category : Business & Economics
Languages : en
Pages : 569

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A practitioner's guide to the role and implications of performance measurement and attribution analysis in asset management firms Practical Portfolio Performance Measurement and Attribution is a comprehensive reference and guide to the use and calculation of performance returns in the investment decision process. Focusing on real-world application rather than academic theory, this highly practical book helps asset managers and investors determine return on assets, analyse portfolio behaviour and improve performance. Author Carl R. Bacon clearly describes each of the methodologies used by performance analysts in today's financial environment whilst sharing valuable insights drawn from his experience as a Director of Performance Measurement & Risk Control. The third edition is revised to reflect recent developments in performance attribution and presentation standards. Fully up-to-date chapters cover the entire performance measurement process, including return calculations, attribution methodologies, risk measures, manager selection and presentation of performance information. Written by an acknowledged leader in global investment performance standards, performance attribution technique and risk measurement Aligns with the publication of the 2020 Global Investment Performance Standards (GIPS®) Explains the mathematical aspects of performance measurement and attribution in a clear, easy-to-understand manner Provides numerous practical and worked examples of attribution analysis and risk calculations supported by Excel spreadsheets Includes signposts for the future development of performance measurement Practical Portfolio Performance Measurement and Attribution, Third Edition, remains a must-have for performance analysts and risk controllers, portfolio managers, compliance professionals and all asset managers, owners, consultants and servicing firms.

Author: Bernd R. Fischer
Publisher: Academic Press
ISBN: 0080926525
Category : Business & Economics
Languages : en
Pages : 725

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Book Description
Just how successful is that investment? Measuring portfolio performance requires evaluation (measuring portfolio results against benchmarks) and attribution (determining individual results of the portfolio's parts), In this book, a professor and an asset manager show readers how to use theories, applications, and real data to understand these tools. Unlike others, Fischer and Wermers teach readers how to pick the theories and applications that fit their specific needs. With material inspired by the recent financial crisis, Fischer and Wermers bring new clarity to defining investment success. Gives readers the theories and the empirical tools to handle their own data Features practice problems formerly from the CFA Program curriculum.

Author: William Bain
Publisher: Woodhead Publishing
ISBN: 9781855731950
Category : Business & Economics
Languages : en
Pages : 226

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Book Description
This book is split into four distinct sections to provide a complete account of investment performance measurement. The first section examines the development of the concept of performance measurement with the evolution of benchmarks and the increasing sophistication of performance analysis. The practical implications of performance measurement are tackled in the second section, with particular emphasis on the calculations that can be used to derive a rate of return for a fund and risk is also examined in detail. The third section covers the performance measurement of pension funds over the last 25 years and the lessons that can be learned about the investment performance and measurement process. The final section considers the future prospects for performance measurement and proposes potential future directions for the measurement of investment performance.

Author:
Publisher:
ISBN:
Category : Highway departments
Languages : en
Pages : 274

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The research described in this report assembles a set of tools based on experiences and best practices in a diverse set of states for linking strategic goals to resource allocation and implementation decisions using aspects of asset management. A survey of practices in each of the state DOT's that explores documents and synthesizes both strategic planning processes and asset management was conducted. With input from an expert advisory panel, five states were for detailed analysis. These are Florida, Maryland, Michigan, Montana and Pennsylvania. The model process that results does not represent any particular state, but incorporates elements from all five states. This model process can provide useful guidance to states interested in augmenting their existing process.

Author: Zaid Alyami
Publisher:
ISBN:
Category : Assets (Accounting)
Languages : en
Pages : 304

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Book Description
Asset valuation is an essential component of effective asset management. It is an important method to demonstrate proper management of public assets and effective utilization of government's budgets. Several government regulatory bodies mandate agencies to report their Tangible Capital Assets' (TCA) values within their annual statement. For example, the Canadian Public Sector Accounting Board (PSAB), the Governmental Accounting Standard Board (GASB) and the New Zealand International Financial Reporting Standards (NZ IFRS), to name a few. Although some limited research has been conducted on incorporating asset value into asset management systems, there is no comprehensive work done to date to incorporate asset valuation in asset management. An integration method is imperative to manage assets in the most optimized cost-effective ways while maintaining or enhancing the value of these assets. Integrating asset value in asset management strengthens the asset management framework by integrating financial and engineering reporting. In addition, agencies have traditionally made investment decisions for individual assets separately. Independent management systems have traditionally been developed to manage assets, in particular pavements and bridges, the two main transportation assets. The lack of integration between management systems may be due to restrictions associated with funding and/or limitations to the agency's ability to compare data objectively across asset types. Deciding how to best allocate limited resources across these various asset classes to provide acceptable performance poses a persistent and difficult challenge for agencies. Asset value holds a great promise to be incorporated in asset management as a performance measure that translates infrastructure condition in monetary terms that can be easily communicated and understood by the stakeholders (agency, policy makers, users, etc.). Therefore, asset value can be viewed as a common performance measure for integration mechanism between competing asset management systems. vi The objective of this research is to develop a methodology that integrates asset value as a performance measure in asset management decision making. This thesis introduces an asset management methodology that aims to arrive at an optimum value-based asset management plan of maintaining infrastructure assets taking into account budgetary and performance constraints. To achieve this objective, an Asset Value Index (AVI) that integrates asset value and value-driver performance measures and associated thresholds and Level of Service (LOS) requirements is proposed. The Multi-Attribute Utility Theory (MAUT) is used to develop the proposed AVI. In order to incorporate asset value in asset management and develop the AVI, a comprehensive and analytical analysis of various asset valuation methods is conducted. Based on the analysis, challenges of incorporating asset management are identified and addressed by the proposed Asset Value Loss ratio (AVL) as an integration means. To demonstrate the proposed methodology, a case study from the Ministry of Transportation of Ontario (MTO) second generation Pavement Management System (PMS2) is presented. An overview of MTO road assets network is presented and analyzed. In addition, the various components of the proposed methodology are demonstrated through the case study. Furthermore, the outcome of the implementation of the proposed AVI is compared to optimization output, Do-Nothing output as well as needs assessment output. Furthermore, building on the proposed methodology presented, a value-based cross asset management methodology is presented using the AVI as a common integration measure. A case study of pavements and bridges based on data obtained from the 7th International Conference of Managing Pavement Assets (ICMPA 7) is used to illustrate the proposed methodology.