PORTFOLIO AUDIT PROGRAMS

Macutex has assessed and collected data across more than 20,000 buildings and site assets since 2007 throughout all states and territories in Australia.

Our philosophy and advice for those considering conducting a large scale asset audit program is to start at the end.

Based on our extensive experience, Macutex has identified many key factors to be considered by Clients prior to embarking on any asset portfolio audit program. Some of these include:

  • What are the business critical decisions that need to be made when managing a building portfolio?
  • How are these decision currently being made?
  • What information exists, and what information is lacking to make these business decisions and how will conducting an asset audit program address this?
  • What information can be obtained internally in a time and cost effective manner?
  • Based on the above, what should be included in an asset portfolio audit program scope of works?
  • How will the information obtained from the audit program be stored and maintained, who will be responsible for it, and who will need access?
  • Does the whole portfolio need to be assessed all at once or can a % of the portfolio be completed on an annual rolling basis based on priority and asset type?
  • How well is compliance being managed currently and is it a priority to include ESM, BCA and/or DDA compliance into the scope of works of a condition audit program?

Identifying and having a good understanding of these important considerations as part of the pre-planning stages will save time, money and reputation.

Based on extensive industry experience of Macutex’s key personnel, the key critical success factors considered to be at the heart of achieving best practice and best value for money in the delivery of asset assessment and data collection programs across large geographically distributed asset portfolios include:

1. An understanding, alignment and agreement in the contract and service delivery objectives, data integrity requirements, and expected outcomes from the outset;

 

2. Resources with appropriate skills, qualifications, and experience;

 

3. The coordination and management of asset assessment resources in the field to ensure efficiency, consistency, professionalism, accuracy and safety at all times;

 

4. Understanding and sensitivity towards the operating environment and facility occupants;

 

5. Continuous knowledge sharing and improvement amongst all relevant contract stakeholders; and

 

6. Overall contract delivery management including ongoing reporting, risk management, and cost, quality and schedule control.

Macutex’s service delivery model has been established to ensure these critical success factors are appropriately identified and managed throughout any large scale asset portfolio audit program.

Technical Areas of Expertise that we can include in an asset audit program can be found here.