Assetic welcomes new client, Department of Education Tasmania 

With a portfolio custodianship of over $2.6B (replacement cost) comprising of close to 200 Schools, Libraries and Child Care Centres across Tasmania, the Department of Education (DoE) has the same challenge as faced by many other asset intense agencies. The challenge is to ensure that the practice of maintaining and preserving the asset portfolio is done in a way that future risks of service delivery are identified, costed and mitigated.

“It is essential we manage our asset portfolio strategically; we cannot afford to let these facilities drop to a service level where it starts to affect the very reason they exist,” said DoE’s Asset Management and Planning Coordinator Craig Grace. “Understanding the current state and fitness for purpose, predicting what the future state would look like, and articulating to our stakeholders the options for optimising future expenditure – it’s all business critical.”

Assetic Co-founder Ashay Prabhu said “Managing an asset stock that is likely being consumed at around $40 million every year presents a common challenge and it’s a privilege to be able to work with a forward-thinking organisation like DoE to mitigate future risk to their essential community assets. Our solutions have been empowering facilities organisations for many years now, and the cost savings and reductions of risk across the board from universities to community housing portfolios is now a proven science DoE is able to apply. Working with AAX, the global leaders in PMO function, now allows us to provide a true PMO front end to the asset life-cycle planning outcome for DoE.”

Mr Grace is looking forward to a smart custodianship level where implementation of Assetic and AAX, in conjunction with a mature awareness of applying strategic asset management, will save the department millions of dollars in the long run.


Image above features the teams from Assetic, DoE and AAX: 
L-R rear : Darren Burgess, Kerry Skipper, Lester Grundy, Craig Grace, Ashay Prabhu, Simone James, Andy Boulton
L-R front: Dennis Grant, Kath Wilson