Asset Management
The DRA team can assist businesses through the systematic process of managing cost, risk and performance of the business assets. The DRA process we use has proven to assist in the identifying, recording and action process. Most businesses in Australia generate revenue by realising value from their assets, whether directly or indirectly.
Contact UsEngineers support your business.
Our specialist engineers support the full lifecycle of your assets—ensuring safety, compliance, and performance at every stage.
- The first step in adopting the standard is to conduct a business maturity assessment. This measures existing processes and evaluates how well each one is performing, based on the organisation’s priorities and expected outcomes.
- An assessment by our assessors will identify opportunities or weaknesses in the business, with a report providing guidance on where to focus resources.
- Our team is also highly experienced in applying methodologies such as Failure Modes and Effects Analysis (FMEA). We can systematically break down assets into logical asset hierarchies and functional locations to develop robust asset strategies based on risk, criticality, and identified failure modes.
Systematic asset management that protects your business value.
The DRA team helps businesses manage the cost, risk, and performance of their assets through a proven process of assessment, recording, and action.
Business Maturity Assessment
We assess how many processes your business has and how well each one performs, giving you a clear picture of where to focus resources.Opportunities And Weaknesses Report
We identify where gaps exist in your business and deliver a report with measurable guidance on where to direct effort and investment.Safety Process Assessments
We conduct individual process assessments across your safety systems.Maintenance Management Assessments
We assess your maintenance management processes to identify inefficiencies and help your business get more from its assets.Training Assessments
We review your training processes to ensure your team has the competence needed to manage and operate your assets effectively.
Key Safety Personnel
Meet the consultants leading our asset management work.
David Randall
CEO – Safety Engineering ConsultantAndrew Middleton
Senior Safety Consultant
Sina Ighaniyan
Principal Engineer – Operations & People
Book a Consultation Now
If you're not sure where your safety gaps are, a quick chat is usually the easiest place to start. You can talk through your site and your risks with one of our consultants, and we'll go from there.
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Common questions about asset management and how we can help.What is asset management?
The process of planning and controlling the acquisition, operation, maintenance, renewal, and disposal of business assets. This process improves the delivery potential of assets and minimises the costs and risks involved. Adequate maintenance and proper deployment of systems, people, and processes ensure a positive enhancement of capital over the asset lifecycle.
What is asset lifecycle?
Asset lifecycle is the number of stages that an organisation’s asset goes through during the lifespan of an asset’s ownership. It is the period that an organisation can effectively and efficiently utilize an asset to accomplish its business goals. An asset lifecycle typically covers all phases of an asset’s life from acquisition through maintenance and eventual disposal.
What are the types of asset management?
While the definition may differ from one organisation to another, they can be vastly classified into three types: physical, financial, and contractual.
– Physical – handling things like fixed asset management, inventory management, infrastructure, and public asset management.
– Financial – managing procurement, developing an investment strategy, controlling budget and costs, handling cash, bonds, and stocks.
– Contractual compliance – streamlines processes like IT asset management, digital asset management, contractual maintenance, and management of intangible assets.
What are the key components of an effective asset management process?
Our Safety Consultants and Engineers can assist in setting a program specifically for your business to assist in better utilising plant equipment and personnel.
– Preparing an asset register: An inventory list of available assets
– Identify asset conditions and rating system
– Track asset depreciation accurately at timely intervals
– Determine the value of assets and their replacement cost
– Move away from reactive to predictive asset maintenance
– Focus more on change management to ensure database integrity
– Eliminate paperwork and automate tasks like data collection, asset reporting, and more
What makes up a good asset management process?
Information is a key element and will be data intensive. The asset management suite ISO standards makes reference to information requirements throughout. From a safety perspective the fundamental requirement is that all the relevant assets are identified and documented in accordance with good practice. From this, organisations can:
– identify the risks and safe operating requirements for the asset from, for example, operations and maintenance manuals
– identify the maintenance requirements to ensure that best practice is being followed, based upon suppliers/manufacturers recommendations
– identify the required legislative, legal and statutory requirements in terms of safe operation and maintenance so as to ensure compliance
– identify the available Codes of Practice, guidance and standards that may inform the organisation of the best practice that may be followed to meet the above requirements
– identify the documentation required for audit and performance measurement purposes.