Description
Asset Management involves the balancing of costs, opportunities and risks against the desired performance of assets, to achieve the organizational objectives. This balancing might need to be considered over diffrerent timeframes.Asset management also enables an organzation to examine the need for, and performance of, assets and asset systems at different levels. Additionally, it enables the application of analytical approaches towards managing an asset over the different stages of its life cycle which can start with the conception of the need for the asset, through to its disposal, and includes the managing of any potential post disposal liabilities.