by Shane Henson — August 21, 2013—Facilities managers wanting a primer on asset management can turn to a recently released guide by Service Works Group, an international asset and facilities management software provider.
As explained in the Guide to Effective Asset Management for Buildings & Equipment, the fundamental principle of asset management is to intervene at strategic points in an asset’s normal life with optimized repair and maintenance activities, in order to maintain the performance of an asset and extend its life.
According to Service Works, a good asset management strategy can deliver significant financial and performance improvements. It supports an organization’s corporate goals and objectives, manages and minimizes risk, and helps define business continuity strategies.
The company’s Guide to Effective Asset Management for Buildings & Equipment explains the different types of asset management, examines the phases of an asset’s life, and explores the role of technology in achieving proactive asset management.
