TABLE OF CONTENTS

1 Introduction 5

1.1 Why Asset Management is Important? 5

1.2 Organisational Commitment 5

1.3 Progress Made 6

1.4 Strategic Linkages 6

1.5 Organisational Asset Management Linkages 6

1.6 Key Stakeholders 7

1.7 Issues 7

2 Demand management 7

2.1 Overview 7

2.5 Teaching Spaces 10

2.6 Consideration of Capacity – Supply vs Demand 11

3 Levels of service 12

3.1 Overview 12

3.2 Strategic Levels of Service 12

3.3 Tactical Levels of Service 13

3.4 Operational Levels of Service 13

3.5 External Level of Service Requirements 14

4 Asset description – knowing what we have 14

4.1 Overview 14

4.2 Asset Values 14

4.3 Building Description 15

4.4 Building Risk Profile 15

4.5 Building Functionality 15

4.6 Building Availability and Utilisation 16

4.7 Building Condition 16

4.8 Environmental Performance 17

5 Challenges and investments 17

5.1 Overview 17

5.2 Shortfalls – Educational Service Needs 17

5.3 Currently Funded Projects 18

5.4 Responses to Significant Known Challenges 18

6 Optimised Decision Making 19

6.1 Optimised Decision Making Framework 19

6.2 Significant Projects 19

6.3 Likelihood of Events Happening 19

6.4 What Controls Can Be Put Into Place 20

6.5 Prioritisation and Decision Making Process 20

7 Financial forecasts 20

7.1 Overview 20

7.2 Long Term Capital Forecasts 20

7.3 Consequential Expenditure 21

7.4 Affordability 22

7.5 Forecast Valuations 22

7.6 Outcomes 22

8 Key assumptions and policies 22

9 Improvement plan 22

9.1 Implementing the Process 22

9.2 Improvement Programme 23

9.3 Monitoring Performance 23

Introduction

The Introduction section describes the purpose, background, and structure of the Asset