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Be appropriate to the purpose of the organisation. Provide a framework for setting Asset Management objectives. Include a commitment to satisfying applicable [mandatory and legal] requirements. Include a commitment to continual improvement of the Asset Management System.
The Role of Asset Management Policy. Asset management practices define the actions to be taken to protect and preserve technology assets - from physical locks on equipment to inventory tags. Once approved, asset management policies provide the governing authority to implement all aspects of the asset management program
Policy statement Using asset management decision-making to drive optimum value for customers. Ensuring decisions are made collaboratively. Ensure decisions consider all life-cycle stages and interrelationships between asset, operational and service performance.
ISO 55000 is an international standard covering management of assets of any kind. Before it, a Publicly Available Specification (PAS 55) was published by the British Standards Institution in 2004 for physical assets.
Review the organization's structure. Conduct an asset management self-assessment. Identify the asset management policies and goals to be achieved. Prepare and implement an asset management action plan. Review and monitor progress. Solicit feedback from stakeholders.
Complete an asset inventory. You can't effectively manage your assets if you don't know what assets you have! Calculate life-cycle costs. Set levels of service. Apply cost-effective management. Execute long-term financial planning.
Define your assets. Identify all of the assets managed or owned by your business. Take inventory of your assets. Figure out asset demand. Determine each asset's total cost over its life. Reduce risk. Minimize cost.
What is an asset management system? In short, it's any process a company or organization uses to keep track of the equipment and inventory vital to day-to-day operation of their businesses. Exactly how those assets are managed, though, is highly variable.
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