A strategic approach to Infrastructure Asset Management

Infrastructure asset management has grown in importance in recent years. In practice, many approaches and models have been adopted by organisations managing different infrastructure assets. The aim of this paper is to synthesise various asset management practices currently in use. The paper will also provide in brief, the concept of an integrative strategic infrastructure asset management framework. The framework broadly consists of three main components: strategic analysis, strategic choice and strategic implementation. An integrative strategic infrastructure asset management framework is important as it is presented as a process model, is generic and can be applied to various types of infrastructure assets.