Empowering collaborative total asset management and inspiring innovations through Rivans

Abstract

Weak linkages between project management (PM) and asset management (AM) phases pose a major challenge to total asset management (TAM) solutions that could significantly boost the value of built assets, through relational integration among key stakeholders in the TAM cycle. Fourteen key stakeholders who could help bridge PM and AM phases and teams through relationally integrated value networks (Rivans) were identified as key players in a previous study. This paper reports on a follow-up research study based in Sri Lanka, into how these stakeholders could be relationally integrated through collaborative procurement frameworks such as Rivans to deliver high-value built asset solutions, first focusing on the building sector. A critical Rivans-TAM network was established using Ucinet Social Network Analysis software package; 68 critical cross-links were identified. A comprehensive case study then revealed the current integration levels, together with the weak cross-links, and the critical relationships that should be strengthened for effective Rivans-TAM. Identified shortfalls in relationships were next focused on to explore and propose approaches to uplift current integration levels and boost built asset value. Thus, the industry, led by such key stakeholders, should create opportunities for nurturing goal-oriented Rivans to catalyse innovations towards smart and sustainable TAM.