Leadership and data

This circle-spoke diagram sample shows how leadership and data provide essential coordination of other functions in an asset management environment. Leadership points the way and common data systems keep all divisions communicating effectively. This circle-spoke diagram example was created on the base of illustration of article "Beyond the Short Term: Transportation Asset Management for Long-Term Sustainability, Accountability and Performance" from the website of The Federal Highway Administration (FHWA). [fhwa.dot.gov/asset/10009/tam_topr806_3.cfm] "Asset management, broadly defined, refers to any system that monitors and maintains things of value to an entity or group. It may apply to both tangible assets such as buildings and to intangible concepts such as intellectual property and goodwill. Asset management is a systematic process of operating, maintaining, upgrading, and disposing of assets cost-effectively. Alternative views of asset management in the engineering environment are: the practice of managing assets to achieve the greatest return (particularly useful for productive assets such as plant and equipment), and the process of monitoring and maintaining facilities systems, with the objective of providing the best possible service to users (appropriate for public infrastructure assets)." [Asset management. Wikipedia] The hub-and-spoke diagram example "Leadership and data" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Circle-Spoke Diagrams solution from the area "What is a Diagram" of ConceptDraw Solution Park.