A LTMP is long-term strategic plan with systematic and coordinated set of activities and practices for managing a defined group of structural items or facilities at the lowest cost-effective life-cycle cost , through effective life cycle management from acquisition, to maintenance, renewal and replacement with a focus to retaining an item’s expected uninterrupted operating level and standard.

A mouthful.

Fortunately we do not have to re-invent the wheel.

LTMP has been a worldwide best practice and has proven to be the most effective and efficient way to achieve maximum value at minimum cost.

A LTMP properly constructed and implemented will deliver

  1. maximum cost efficiency
  2. Minimize breakages
  3. Minimize unplanned expenses
  4. Maximize ability to plan and provision for expenses
  5. Maximize value through informed decision-making

 

The basic components of a LTMP

  • Infrastructure framework
  • Financial framework
  • Activity framework

read more

There is a specific stepped process for constructing and succesful LTMP and in the next publication will we introduce the next steps that must be followed

 

Advertisements