Asset management

=Asset Management= Asset means the value owned by an entity. The process of handling (i.e. management of) assets widely termed as Asset Management. As management provides ease of collection, processing, analysis and maintenance of extensive information about various types of assets. Hence, Asset Management can be termed as a systematic process of maintaining, upgrading and operating physical assets cost-effectively with an approach focused on:


 * Extract more return with same input
 * - An asset manager assumes responsibility for taking every investment opportunity with to achieve the best possible results in increasing the value of entrusted funds


 * Increase Asset utilization and reduce maintenance cost
 * - Total labor, benefits and overtime cost of maintenance technicians and support personnel
 * - Total labor, benefits and overtime cost of production and other personnel that help maintenance during repair operations
 * - Total cost of maintenance materials, including express freight, short lead time premiums, etc.
 * - Total cost of maintenance supplies and the maintenance portion of production supplies.

As cost and time in managing assets reduces it leads to increase in productivity

=Asset Management and GIS= GIS and Asset Management go hand in hand as they have many similarities as far as their capabilities, approach and limitations are concerned.

=Possible fields for implementing GIS in Asset Management= A general list of public assets available in a GIS environment is as below :

=Examples= Various fields where GIS is suggested or used for Asset Management are summarized below:
 * Petroleum Industries
 * Road and Railway Transportation
 * Public Assets
 * Municipal Infrastructure