Asset management, as per international standards and the principles outlined in an effective asset management system, entails a methodical approach to identifying, maintaining, disposing, and selling an organization's assets. This comprehensive process encompasses both tangible and intangible assets, with a focus on managing assets strategically to align with organizational objectives.
A strategic asset management plan, developed within the context of the organization, adheres to the principles and terminology outlined by international standards, such as those established by the British Standards Institution. This plan not only ensures the effective management of assets but also integrates continual improvements, reflecting the dynamic nature of the asset management landscape.
Procedures and practices within this framework serve a dual purpose: safeguarding sensitive data often present on lost or stolen equipment and providing documentation that proves instrumental in the recovery and replacement of assets. By incorporating asset management overview principles and terminology, organizations can establish a resilient system that supports their strategic objectives and facilitates efficient and secure asset management.
The template help's you in the following ways:
Improving efficiency by making the best use of assets
Helps in budgeting for new assets in the future.
Ensure maintenance and increase the lifespan of assets.
Format: MS Word
The template covers the following sections:
Roles and responsibilities
Inventory of assets
Asset performance evaluation
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