Conclusion On Asset Management

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ABSTRACT The topic of the report “Asset Management” was assigned as a part of term project for the course Performance Management by Dr. Beliz Ozhoron. I would like to thank her for giving me the opportunity to research and present This report will cover Asset Management. It will begin with the introduction and literature of asset management and then followed by some case studies which will be describing the importance of asset management. Finally Conclusion will finalize the report on Asset Management. Sources and relevant examples are explained in the report with their references given at the end of the report. Keywords: Assets, Asset Management, Importance, Application and Case Studies. Contents ABSTRACT 1 List of…show more content…
Some assets lose value over time. These assets are usually cars, telephones, cellphones, etc. 2.2 Asset Management 2.2.1 Definitions Wikipedia defines Asset Management as: “Asset Management 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 tangible 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.” English Dictionary defines Asset Management as: “The management of a company or organization’s money or property, in order to make as much profit as possible.” Business Dictionary defines Asset Management as: “Prudent administration of investable (liquid) assets, aimed at achieving an optimum risk-reward ratio.” According to American Association of State Highway and Transportation Officials (AASHTO 1997) Asset Management is defined as “Asset Management is an emerging effort to integrate finance, planning, engineering, personnel, and information management to assist agencies in managing assets cost-effectively.” Organization of Economic Cooperation and Development (OECD 2001) defines Asset Management…show more content…
Financial Asset Management: It is the most popular branch of asset management. The term “asset managers” usually is associated with investment management which is a sector of the financial services industry which is responsible for managing investment funds and segregated client accounts. Financial companies which has experts who manage money and handle the investments of the clients are said to have Asset Management as an integral part in the system. Asset Managers look after all things from studying the client’s assets to planning and looking after investments. 2. Infrastructure Asset Management: The combination of management, financial, economic, engineering, and other practices applied to physical assets having the objective of providing the required level of service in the most effective manner is known as Infrastructure Asset Management. Entire lifecycle - including design, construction, commissioning, operating, maintaining, repairing, modifying, replacing and decommissioning/disposal- of physical and infrastructure assets is included in this management. A prioritization scheme is required for operating and sustainment of assets in constrained budget environment. Recent development in the field of renewable energy can be showed as an example which has seen the rise of asset managers involved in the management of solar systems (rooftops, solar park and windmills). Asset Managers are becoming an integral part of many new teams in order

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