Asset Management Maturity Model Sample Clauses

Asset Management Maturity Model. ‌ Description: This maturity model originated from an evaluation in the Netherlands to investigate how asset managers deal with long-term investment decisions [21]. This evaluation took into consideration organizations that control infrastructures, such as, networks, roads and waterways and focus on the strategy, tools, environment and resources. The maturity model consists of five maturity levels and is detailed through four dimensions. Aim: Understand how asset managers deal with long-term investment decisions and provide an improvement path for organization to improve the long-term investment decisions.
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Asset Management Maturity Model. Description: This maturity model originated from an evaluation in the Netherlands to investigate how asset managers deal with long-term investment decisions [21]. This evaluation took into consideration organizations that control infrastructures, such as, networks, roads and waterways and focus on the strategy, tools, environment and resources. The maturity model consists of five maturity levels and is detailed through four dimensions. Aim: Understand how asset managers deal with long-term investment decisions and provide an improvement path for organization to improve the long-term investment decisions. Scope: Management, specifically a subset of management entitled asset management. How to Assess: An interview protocol is provided which consists of eleven questions in total, two or three for each of the dimensions. Term used to name of the Attributes: Dimensions / Category. Attributes (4): Strategy; Tools; Environment; Resources. Table 15. Summary of the Asset Management Maturity Model levels Level Name Description 1 Initial Strategy and goals do not exist and are not agreed. Tools are used occasionally and there is no communication of uncertainty. Regarding the environment, answers are sought in an ad-hoc way. There is no separate funding for replacement. 2 Repeatable Management has not defined a plan and there is no responsibility assignment. There is a small set of tools being used, and uncertainty is occasionally communicated. Regarding the environment, occasionally there are external parties who are consulted. There are funds for replacement of assets that are regularly deployed.

Related to Asset Management Maturity Model

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  • ARTICLE MANAGEMENT RIGHTS The Union acknowledges that it is the exclusive function of the Company to manage the business and direct the working force, including but not limited to the following:

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  • Framework Management Structure 2.1.1 The Supplier shall provide a suitably qualified nominated contact (the “Supplier Framework Manager”) who will take overall responsibility for delivering the Goods and/or Services required within this Framework Agreement, as well as a suitably qualified deputy to act in their absence.

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  • STATEWIDE CONTRACT MANAGEMENT SYSTEM If the maximum amount payable to Contractor under this Contract is $100,000 or greater, either on the Effective Date or at any time thereafter, this section shall apply. Contractor agrees to be governed by and comply with the provisions of §§00-000-000, 00-000-000, 00-000-000, and 00- 000-000, C.R.S. regarding the monitoring of vendor performance and the reporting of contract information in the State’s contract management system (“Contract Management System” or “CMS”). Contractor’s performance shall be subject to evaluation and review in accordance with the terms and conditions of this Contract, Colorado statutes governing CMS, and State Fiscal Rules and State Controller policies.

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  • OGS Centralized Contract Modifications OGS, an Authorized User, or the Contractor may suggest modifications to the Centralized Contract or its Appendices. Except as specifically provided herein, modifications to the terms and conditions set forth herein may only be made with mutual written agreement of the Parties. Modifications may take the form of an update or an amendment. “

  • Financial Management System Subrecipient shall establish and maintain a sound financial management system, based upon generally accepted accounting principles. Contractor’s system shall provide fiscal control and accounting procedures that will include the following:

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