Total Asset Management (TAM) and Integrated Facility Management (IFM) approaches are beginning to be widely accepted and this has led to a paradigm shift in the way businesses are operated today.
TAM is a management approach considering whole asset life cycle and all asset environment. It is a strategic combination of systemic processes to sustain the asset function and value to fulfil organisation’s objectives.
IFM is a practice that integrates multiple disciplines in order to have an influence on the service delivery quality for built environment stakeholders. The local IFM market is expected to earn increased revenues from RM4.79bil in 2017 to RM7.43bil in 2022, recording a Compounded Annual Growth Rate (CAGR) of 9.17% (Frost & Sullivan, 2016)
This NAFAM will be its third series of the asset and facility management convention organized by Government of Malaysia which debut in 2007. This convention is a national level platform for both public and private sectors to exchange ideas in setting new direction and policies of asset management best practices.
The main aim of NAFAM 2018 is to strengthen the asset and facilities management practices in Malaysia. The theme of the convention is High Performance Asset: Forging Ahead.