Asset Management Process is an organized, systematic method of managing an organization’s assets for a specific purpose. It can be thought of as an organization’s approach to asset management, from acquisition, maintenance, and disposal. It includes an examination of the current asset inventory, an assessment of the current asset utilization and condition, and the development of a strategy to ensure the assets are managed effectively. The goal of the asset management process is to ensure that the assets are used in the most efficient, cost-effective, and secure way possible.
The asset management process begins with the identification of the organization’s asset inventory. This includes a review of the current inventory and the identification of gaps in inventory. The next step is to assess the current utilization and condition of the assets. This includes a review of the usage, maintenance, and security of the assets. The assessment of the current utilization