Asset Management Maturity and Lifecycle Practices based on Stakeholders’ Feedback

This research investigates the maturity and performance of asset management systems and lifecycle practices in private Higher Education Institutions (HEIs) in Cabanatuan City, Philippines, using stakeholders' feedback. In particular, it evaluates how institutional policies, data and information management, and monitoring of performance contribute towards the application of the Asset Lifecycle Management (ALM) Model. Employing a descriptive research design, information was collected via survey questionnaires administered to 120 respondents (heads, and faculty and staff). Findings indicate that the asset management system in terms of strategy and policy is very satisfactory, signifying well-defined and established guidelines. Data and information management, as well as performance management, are merely satisfactory, hinting at improvement in data integration, training, and ongoing performance assessment. The ALM model itself fares no better, being rated as satisfactory with standardized lifecycle assessment processes in place, but with little sustainability integration and strategic alignment. The findings go a long way to emphasize the need to institutionalize end-to-end asset management strategies that leverage data analytics, stakeholder engagement, and long-term planning. The research offers empirical evidence that can be used to advise policy changes and capacity development efforts aimed at enhancing asset management and sustainability within higher education institutions.