Case Study: a large Australasian healthcare provider achieves faster, evidence-based asset planning with SPM Assets

Hospital assessments using timeboxed surveys and virtual data

A large Australasian healthcare provider faced significant challenges in managing its extensive portfolio of building and medical equipment assets. The organization needed a cost-effective way to review and rationalize its asset register across 17 sites to support an ISO 55000-aligned planned approach, but a traditional component-level assessment would have taken an impractical amount of time. The internal team had limited availability, existing data was inconsistent and incomplete, and each hospital site operated with different asset management procedures. They engaged SPM Assets to find a solution.

SPM Assets implemented a risk-based, staged solution using innovative "timeboxed surveys" and "virtual data models" from their SPM Platform and Reference Libraries. This approach, piloted at two hospitals, leveraged existing data and cloned common room templates, drastically cutting the on-site assessment time. The solution saved an estimated 70% of the time normally required and provided 82% confidence in the data, creating a robust asset register and enabling the automatic generation of evidence-based asset management plans and works programs. SPM Assets also established a continuous data improvement process, giving the client a reliable foundation for long-term strategic planning.