What is facility asset management?

As per Wikipedia Facility management (or facilities management or FM) is a professional management discipline focused on the efficient and effective delivery of support services for the organizations that it serves.

To provide support services to any property and building Facility Manager maintain different assets like – DG, STP, Lift, etc. Planning & Controlling of all the assets of the property comes under Asset Management.

Asset management is the planned alignment of physical assets with service demand. It is achieved by the systematic management of all decision-making processes taken throughout the life of the asset.

Asset Management Software help in:

  • Know your assets
  • Know your financial situation
  • Understand decision making
  • Manage your Asset Life Cycle
  • Know the rules
  • Sustainable Monitoring

Each one of the above can further be described.

Know your Assets

Basic Asset Inventory

  • a) Asset Type
  • b) Location
  • c) Quantity & Size
  • d) Material
  • e) Useful Life
  • f) Install Date & Age
  • g) Remaining Life

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