Case study: managing large portfolios more efficiently
A large Australasian healthcare provider needed to review, rationalise and extend its component level asset register across building fabric, essential services, and biomedical equipment.
Two hospitals in Perth were used as a pilot, but to assess over $1 billion of assets across the two sites could have taken months. Instead, SPM Assets applied a ‘timeboxed’ approach to the infield assessments; leveraged higher quality existing data; and utilised ‘virtual data’ for rooms having a common layout. This risk-based approach saved a substantial amount of time compared to a traditional assessment. The healthcare provider also implemented a continuous data improvement process whereby 20% of the data would be updated annually in a targeted and strategic way. The higher quality of data allows the healthcare provider to produce evidence-based works programmes that can be relied on.