Melbourne – Achieving TOTEX Success: Integrating People, Processes and Systems in Asset Management Planning (A Strategic Approach to Public Private Partnerships)
Public–Private Partnerships (PPPs) carry inherent financial risks, particularly when fixed-price contracts fail to reflect total lifecycle costs. To manage this, PFM adopted a Total Expenditure (TOTEX) Strategic Asset Management (SAM) approach that integrates people, processes, and systems to align CAPEX and OPEX decisions for long-term value. The two key barriers—poor data quality and limited practitioner […]