Assets management , is broadly defined, refers to any system that monitors and retains valuable things for an entity or group. This may apply to both tangible assets (such as buildings) and intangible assets (such as human capital, intellectual property, goodwill and/or financial assets). Asset management is a systematic process for developing, operating, maintaining, upgrading and disposing of assets at cost effective.
This term is most often used in the financial sector to describe people and companies that manage investments on behalf of others. They include, for example, the investment manager who manages the assets of the pension fund.
An alternative view of asset management in engineering environments is: asset management practices to achieve the greatest results (especially useful for productive assets such as factories and equipment), and facility facility monitoring and maintenance processes, with the aim of providing the best services to users in all dimensions (suitable for assets public infrastructure).
Video Asset management
By Industry
Financial asset management
The most common use of the term "asset manager" refers to investment management, the financial services industry sector that manages investment funds and separate client accounts. Asset management is part of a financial company that employs an expert who manages money and handles client investment. From studying client assets to planning and maintaining investments, all things are taken care of by asset managers and recommendations are given on the financial health of each client.
Infrastructure asset management
The management of infrastructure assets is a combination of management, finance, economics, engineering and other practices applied to physical assets in order to provide the required level of service in the most cost-effective way. This includes the management of the entire life cycle - including design, construction, commissioning, operation, maintenance, repair, modification, replacement and decommissioning - physical assets and infrastructure. The operation and maintenance of assets in a limited budget environment requires a priority scheme. As an illustrative way, recent renewable energy development has seen the emergence of effective asset managers involved in the management of the solar system (solar parks, roofs and windmills). These teams often collaborate with financial asset managers to offer turnkey solutions to investors. Infrastructure asset management becomes very important in most developed countries in the 21st century, because their infrastructure network is almost completed in the 20th century and they have to manage to operate and maintain it cost effectively. Software asset management is one type of infrastructure asset management.
Enterprise asset management
Enterprise asset management is a processing business and enables information systems that support organizational assets management, both physical assets, called "tangible", and nonphysical, "intangible" assets. The International Organization for Standardization publishes a management system standard for asset management in 2014. The ISO 55000 Series provides terminology, terms and guidelines for implementing, maintaining and improving effective asset management systems.
- Physical asset management: the lifecycle management practices (design, construction, commissioning, operation, maintenance, repair, modification, replacement and disposal/disposal/disposal) of physical assets and infrastructure such as the structure, production and service of plant facilities, electricity, water and sewage treatment, distribution network, transportation system, building and other physical assets. The increasing availability of data from the asset system allows the principle of Total Cost of Ownership to be applied to facility management from individual systems, buildings, or across campus. Physical asset management is related to asset health management.
- Infrastructure asset management is expanding this theme especially in relation to the public sector, utilities, property and transportation systems. In addition, Asset Management can refer to the establishment of future interfaces between human, built, and natural environments through collaborative and evidence-based decision processes
- Fixed asset management: an accounting process that seeks to track fixed assets for financial accounting purposes
- IT asset management: a set of business practices that combine financial, contracting and inventory functions to support life cycle management and strategic decision making for the IT environment. This is also one of the processes defined in the IT services management
- Digital asset management: a form of electronic media content management that includes digital assets
Public asset management
Public asset management, also called corporate asset management, extends the definition of corporate asset management (EAM) by incorporating management of all things of value to the jurisdiction of the municipality and the expectations of its citizens. An example of where public asset management is used is the development and planning of land use.
EAM requires asset registration (asset inventory and its attributes) combined with a computerized maintenance management system (CMMS). All public assets are interconnected and share proximity, perhaps through the use of geographic information systems (GIS).
GIS-centered public asset management standardizes data and enables interoperability, giving users the ability to reuse, coordinate, and share information in an efficient and effective way by creating GIS geo-database registry assets. The GIS platform combined with "hard" and "soft" asset information helps eliminate the traditional silo of structured city functions. While hard assets are typical physical assets or infrastructure assets, municipal asset assets include licenses, licenses, code enforcement, road rights and other land-focused work activities.
GIS platform is just a tool; asset managers need to make informed decisions about their assets to meet their organizational goals. While geospatial information can help in making decisions, an in-depth understanding of the market, engineering systems, and human interactions made possible by analysis and synthesis of information not found in GIS systems also exist.
Maps Asset management
Management of intellectual and non-physical assets
More and more consumers and organizations are using assets, e.g. software, music, books, etc. where user rights are limited by license agreement. The asset management system will identify the constraints on the license, such as a time period. If, for example, one software license, it is often licensed for a certain period of time. Adobe and Microsoft both offer time-based software licenses. In both the corporate and consumer worlds, there is a difference between software ownership and software updates. A person can have software versions, but not newer software versions. Mobile phones are often not updated by vendors, in an attempt to force the purchase of newer hardware. Large companies such as Oracle, that software licenses for clients distinguish between the right to use and the right to maintenance/support received.
See also
- The asset management company
- IT asset management
- List of asset management companies
- P2P Asset Management
- Robo-advisor
- Management of software assets
- ISO 55000
References
Further reading
- Baird, G. "Defining Public Asset Management for Urban Water Utilities". Journal of the American Water Works Association May 2011, 103: 5: 30, www.awwa.org
External links
- ISO/TC 251 - ISO Asset Management Information
- ISO page for ISO 55000
- IAM page for Introduction to Asset Management
Source of the article : Wikipedia
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