Asset Management A Systematic Process of Deploying, Operating, Maintaining, Upgrading, and Disposing of Assets Cost-Effectively
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 assets such as human capital, intellectual property, and goodwill and financial assets. Asset management is a systematic process of deploying, operating, maintaining, upgrading, and disposing of assets cost-effectively. The term is most commonly used in the financial world to describe people and companies that manage investments on behalf of others.
Asset Management is most commonly used in the financial world to describe people and companies that manage investments on behalf of others. Alternative views of asset management in the engineering environment are: the practice of managing assets to achieve the greatest return , and the process of monitoring and maintaining facilities systems, with the objective of providing the best possible service to users .
The most common usage of the term "asset manager" refers to investment management, the sector of the financial services industry that manages investment funds and segregated client accounts. An asset management is a part of a financial company which comprises experts who manage money and handle the investments of clients. The term is most commonly used in the financial world.
Infrastructure asset management is the combination of management, financial, economic, engineering, and other practices applied to physical assets with the objective of providing the required level of service in the most cost-effective manner. It includes the management of the entire lifecycle—including design, construction, commissioning, operating, maintaining, repairing, modifying etc of physical and infrastructure assets.
Enterprise asset management is the business of processing and enabling information systems that support management of an organization's assets, both physical assets, called "tangible", and non-physical, "intangible" assets.It has the set of business practices that join financial, contractual and inventory functions to support life cycle management and strategic decision making for the IT environment.
Infrastructure asset management expands on this theme in relation primarily to public sector, utilities, and property and transport systems. Additionally, Asset Management can refer to shaping the future interfaces amongst the human, built, and natural environments through collaborative and evidence-based decision processes.Public asset management, also called corporate asset management, expands the definition of enterprise asset management (EAM) by incorporating the management of all things of value to a municipal jurisdiction and its citizens' expectations.