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Bpa Manual: Asset Management Policy

This document establishes Bonneville Power Administration's (BPA) policy for managing physical assets and infrastructure. It defines key terms like assets and life cycle. The policy states that BPA will invest in, maintain, and operate assets to meet requirements while minimizing life cycle costs. BPA will implement asset management systems to govern planning, investing, operating, maintaining and disposing of assets. These systems must meet objectives, apply leading practices, and establish strategies, plans, reviews and accountabilities to achieve goals and continuously improve. The document outlines responsibilities for an Agency Asset Manager, Asset Management Council, executive sponsors and all employees to support this policy.

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Vikas Balhara
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150 views2 pages

Bpa Manual: Asset Management Policy

This document establishes Bonneville Power Administration's (BPA) policy for managing physical assets and infrastructure. It defines key terms like assets and life cycle. The policy states that BPA will invest in, maintain, and operate assets to meet requirements while minimizing life cycle costs. BPA will implement asset management systems to govern planning, investing, operating, maintaining and disposing of assets. These systems must meet objectives, apply leading practices, and establish strategies, plans, reviews and accountabilities to achieve goals and continuously improve. The document outlines responsibilities for an Agency Asset Manager, Asset Management Council, executive sponsors and all employees to support this policy.

Uploaded by

Vikas Balhara
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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BPA MANUAL

Chapter 660 ASSET MANAGEMENT POLICY

Page 660-1

03/19/09

Part 08: Asset Management

660.0 PURPOSE This chapter establishes the Bonneville Power Administrations (BPA) policy for managing physical assets and infrastructure. 660.1 DEFINITIONS A. Assets: Plant, machinery, equipment, property, buildings, structures, vehicles, servers, software applications and other items or related systems that have a distinct and quantifiable business function with a useful life expectancy greater than one year. B. Life Cycle: The cradle-to-grave phases of an asset, from the time it is constructed or acquired, through its operation and maintenance while in service, and through its eventual refurbishment or disposal. C. Leading asset management practices: Includes, but is not limited to, principles and practices in the British Standards Institution's "Publicly Available Specification (PAS 55), the System Development Life Cycle (SDLC) approach to managing IT assets, and select federal best practice policies and guides. 660.2 POLICY A. BPA will invest in, maintain, and operate assets to: 1. Meet reliability standards, availability requirements, regional adequacy guidelines, efficiency needs, environmental requirements, safety and security standards, and other requirements; and 2. Minimize the life cycle costs of assets when practical. B. BPA will implement asset management systems to govern the planning, investing, operating, maintaining, and disposing of assets. The systems will meet the agencys objectives for internal operations by: 1. Evaluating and applying leading asset management practices; 2. Establishing long-term asset management strategies and asset objectives directed at achieving the agencys mission, vision, and strategic objectives; 3. Developing asset management plans to implement the strategies and achieve the asset objectives and targets; 4. Monitoring and ensuring delivery of the asset objectives and targets; 5. Employing BPAs risk management policy and approach; 6. Providing ready access to necessary asset and financial information; 7. Establishing clear roles, responsibilities, and accountabilities;

8. Incorporating structured reviews directed at continuously improving the systems.


C. At minimum, this policy will be reviewed at the beginning of the agencys 2-year planning cycle.

Transmittal Letter:

Supersedes: No Previous

Responsible Org: Strategic Planning

BPA MANUAL
Chapter 660 ASSET MANAGEMENT POLICY

Page 660-2

03/19/09

Part 08: Asset Management

660.3 RESPONSIBILITIES Key roles and responsibilities for supporting BPAs Asset Management Policy are: A. Agency Asset Manager (AAM) The Agency Asset Manager leads the development and monitors implementation of agency-level asset strategies, processes, and policies. B. Asset Management Council (AMC) The AMC develops, recommends and monitors asset management strategies, policies and processes.

C. Asset Management Executive Sponsors


Sponsors provide strategic direction to the AAM and the AMC on developing and implementing asset management systems, including asset management policies, strategies and plans. They seek to ensure the process is adequately resourced, and provide top down communications and direction to the organization to help embed asset management principles and practices. D. All Employees All executives, managers, staff and contractors will support and follow this policy and contribute to the systems continuous improvement. The agency is committed to provide the information, training and resources that are needed. 660.4 REFERENCES A. Asset Management EPIP, January 17, 2006 B. Publicly Available Specifications PAS 55-1 & PAS 55-2, November 2008 C. Asset Management Strategy, September 30, 2007 D. OMB Circular A-123, December 21, 2004

Transmittal Letter:

Supersedes: No Previous

Responsible Org: Strategic Planning

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