Asset Management is no longer an exclusively financial term. During the last 15 years the term has evolved to encompass the management of all types of assets, either tangible or intangible. This is because managing assets requires a particular approach and a skill set that is not always obvious or available in any single organisation.
Today, Asset Management is a holistic activity that takes into account all the responsibilities that owning, managing or operating an asset demands. Asset Management standards have evolved to a very high level (PAS55 and others) and are continuing to do so.
These standards help businesses to get the best possible return from their assets, while at the same time assisting them to mitigate or eliminate risks.
Contact Arkman Consulting for more information.