Asset Management

  • 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.

  • Asset management is relevant to the whole of asset life, and encompasses four key stages of the asset lifecycle.

The four stages are:

  • Informed and proactive decision making regarding asset investment.
  • Procurement of appropriate assets.
  • Maintaining, upgrading and operating assets.
  • Managing the treatment of assets at the end of their useful life.
sysway about us