What is the purpose of the Coast Guard's Asset Management Strategy?

The Coast Guard's Asset Management Strategy is designed to establish a systematic approach for managing assets throughout their lifecycle. This means that the strategy encompasses everything from the acquisition, operation, and maintenance to the eventual disposal of assets. A systematic approach ensures that resources are used efficiently and effectively, which is crucial for operational readiness and maximizing the benefits from investments made in assets.

This organized method allows for consistent evaluation and decision-making, enabling the Coast Guard to prioritize needs, manage budgets, and ensure that assets support mission objectives. By implementing a structured strategy, the Coast Guard can better address challenges in asset deployment and usage, ultimately enhancing its operational capabilities.