What does an Asset Management Strategy include?

• A. Daily maintenance procedures.
• B. Environmental compliance reports.
• C. Strategic statements, service levels, and asset management capabilities.
• D. Financial statements for asset depreciation.

Answer: (C)

Asset management strategy describes how an organization will guide the management of its assets over their life cycle to meet business objectives. The best answer captures this by including strategic statements that set the purpose and direction, service levels that define the required performance and availability, and asset management capabilities—such as processes, people, information, and tools—that enable delivering those targets. This combination links why the assets exist with how they will be managed to achieve the desired level of service, while balancing risk, cost, and performance. Daily maintenance procedures focus on execution, not strategy. Environmental compliance reports are outputs tied to regulatory needs, not the strategic plan. Financial statements for asset depreciation relate to accounting and reporting, not the approach to managing assets to deliver service.