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To realize more value from land, buildings, and infrastructure, organizations must assess their approach to asset management. It's crucial to evaluate whether assets are being managed proactively or if organizations are merely reacting to asset degradation. A solid asset management program should prioritize proactive operations and maintenance throughout the asset lifecycle. The starting point involves conducting an asset inventory and health check, utilizing various data sources like paper documents, digital drawings, BIM models, and GIS layers. The accuracy and health of this asset data significantly influence its value in the management system, requiring nearly 100% accurate digital representations for effective utilization.
