AssetManagementi
AssetManagementi is a term used to describe an integrated approach to managing an organization's assets throughout their lifecycles. It covers physical, financial, and digital assets and is supported by information systems, governance structures, and performance analytics. In practice, AssetManagementi seeks to maximize value, minimize risk, and optimize total cost of ownership by aligning asset strategies with business objectives.
Key elements include asset planning, acquisition, deployment, operation, maintenance, renewal, and eventual disposal. Data management, asset
Governance and standards: Organizations follow adherence to asset management standards, notably the ISO 55000 family that
Applications and benefits: AssetManagementi is applied in manufacturing, energy, transportation, utilities, and public sector programs. Benefits
History and evolution: The concept has evolved from asset tracking and maintenance to integrated enterprise asset
See also: asset management, ISO 55000, CMMS, EAM, ERP, IT asset management.