Caring for the University of Minnesota's campuses, facilities, equipment and space (assets) is a big responsibility. Our University, hosts thousands of students (70,000+), faculty and staff (25,000+), and visitors each day, who expect our campus to be functional and welcoming. Our five campuses total 29+million gross square feet and 400+ buildings -- a large investment and expense to our University. Our large and complex campus presents us with a challenge of how to effectively manage different types of assets.
The Enterprise Asset Management (EAM) Program is being developed to enable the strategic management of assets (facilities, equipment, land, space, leases), resources, and technology through process and systems redesign. We will leverage the best of what already works here at the U along with leading industry practices to help shape our future asset management program across all U of M campuses.
To meet the continuing challenge of tighter budgets, caring for more complex facilities, and integrating information for use by the greater University community, EAM will bring together the many business processes, supporting technologies, data elements, and will allow us to have standardized processes, a shared technology platform, and integrated data. By aligning these things, we will make better decisions to help us prolong our facilities and buildings, effectively use our resources, and reduce our costs.
We all have a vested interest in maintaining our campuses to provide a better campus experience at a lower cost!