Asset Management

Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner (including all costs, risks and performance attributes).

Infrastructure asset management is the combination of management, financial, economic, engineering, and other practices applied to physical assets with the objective of providing the best value level of service for the costs involved. It includes the management of the entire life cycle including design, construction, commissioning, operating, maintaining, repairing, modifying, replacing and decommissioning/disposal—of physical and infrastructure assets.

The main goal of Asset management system is a group of co-ordinate activities that optimize asset performance to help deliver business objectives.

Asset management services involve:

• Project planning

• BOM Composition

• Asset break down structure

• Subcontractor dealing

• Asset deliveries

• Report generation

• Database management

• Conditional maintenance and inspection services