Online from: 2002
Subject Area: Built Environment
Options: To add Favourites and Table of Contents Alerts please take a Emerald profile
Downloads: The fulltext of this document has been downloaded 947 times since 2010
Article citation: Mohammad Shahrizal Mohammad Idris, (2010) "Total asset management – enhancing value in the 10th Malaysia Plan", Journal of Facilities Management, Vol. 8 Iss: 1, pp. -
The National Asset and Facility Management (NAFAM) 2009 convention was successfully co-organised by the Public Works Department of Malaysia and a local private company on 26 and 27 October 2009 at the Putra World Trade Centre, Kuala Lumpur. The objectives of this convention were to:
The NAFAM 2009 convention was aimed at providing the platform for both public and private sectors to explore innovative partnership programmes in managing the current and future built environment. In total, 13 distinguished local and international speakers including the Chief Secretary to the Government were invited to deliberate the current issues on asset and facility management (FM). Among the topics discussed were new approaches to managing assets, redefining new strategies converting resources to wealth, exploring non-conventional procurement options, public-private partnership (PPP) initiatives, sustainable development and two case studies on public finance initiative (PFI) projects.
Over 1,100 delegates from the government machinery comprising of ministries, state governments, local governments, local councils and municipal councils, government-linked companies and government-owned companies, as well as the private sector, industry-related vendors and smart partners participated in this convention. Two workshops and a forum discussion were among the highlights of the convention whereby government senior officials and private sector professionals were given the opportunity to interact and exchange ideas on some critical issues pertaining to implementation of FM and procurement strategies currently employed in the public sector.
The government and private asset owners have created numerous infrastructure and building assets over the years. It has now come to the stage where these assets need to be properly managed so that their value both tangible and intangible are enhanced and continue to provide the service, comfort and safety to the public. There were four key areas being discussed during the convention: integrated planning, sustainable development, new procurement strategies and FM. Sharing of experience and knowledge came from all aspects of background both public and private sectors.
The keynote address by the Right Honourable Deputy Prime Minister Tan Sri Muhyiddin Bin Yassin emphasised the importance of formulating a strategic development programme to improve the “Quality of life” for the nation in the 10th Malaysia Plan. The current economic pressure and global liberalisation has brought the policy makers to rethinking new approaches in the development of future public assets. The government has announced recently that it will embark on “The rolling-plan” approach, which provides flexibility and adaptability to the immediate and changing needs that will be the thrust for new infrastructure projects in Malaysia. Similarly, the government is also looking for new methods to better manage these physical assets during its operational period, which may last for 60 years or more. The concept of enhancing values needs to be imbued into the asset and FM practices to ensure highest return on investments is achievable in the long run.
The Right Honourable Deputy Prime Minister also launched the “National asset is a joint responsibility” program which brings about all asset stakeholders to be responsible in keeping the public assets usable, safe, secured and maintained for current and future generations to come.
The two-day convention paper presentations were delivered by senior government officials from the Economic Planning Unit and Public-Private Partnership Unit of the Prime Minister's Department, Public Works Department and Royal Police of Malaysia. The topics generally covered the new approach in the 10th Malaysia Plan, value for Money in PPP, integrated planning and enhancing asset value through secured environment. These papers have given new perspective of asset development and management plan proposal that will enhance the future quality of life of the nation.
Sharing of experiences based on case studies by two distinguished foreign researchers from the School of the Built Environment, Liverpool John Moores University and the Centre for Facilities Management, UK gave some insight into the pros and cons of PPP initiatives. From the commercial management perspective, the NAFAM 2009 convention had the opportunity to address some pertinent issues and challenges in designing, building and operating a £1 billion PFI project for the UK's Ministry of Defence. This sharing of experience session was delivered by a representative from the private sector namely Modus Services Limited, UK.
PPP was at the centre of the convention when two foreign speakers from United Nation Economic Commissions for Europe and Portfolio Director from the Tawazun Industrial Park, United Arab Emirates took centre stage to discuss and debate on topics related to good governance in PPP projects and how governments use PPP/PFI to overcome issues on limited finance, reduce recurrent operational spending, harnessing competition and gain benefits of private sector's innovation in managing public assets.
As the conclusion to NAFAM 2009 convention, the role players and participants of the two-track session workshops outlined the following key points for the government to consider in the coming 10th Malaysia Plan:
It is anticipated that these proposed initiatives will give the required competitive advantage in the upcoming 10th Malaysia Plan and able to promote effective partnership programmes between the public and private sectors.
Mohammad Shahrizal Mohammad Idris
Global Facilities Management Sdn Bhd