Asset Management Defined

By definition Asset management, broadly refers to any system that monitors and maintains things of value to an entity or group. It may apply to both tangible assets such as buildings and to intangible concepts such as intellectual property and goodwill. Asset management is a systematic process of operating, maintaining, upgrading, and disposing of assets cost-effectively. Alternative views of asset management in the engineering environment are: The practice of managing assets to achieve the greatest return (particularly useful for productive assets such as plant and equipment), and the process of monitoring and maintaining facilities systems, with the objective of providing the best possible service to users (appropriate for public infrastructure assets). Most active money managers produce worse returns than an index, such as the Standard & Poor’s 500.[1] (the main reason for this is that no matter how well the fund tracks the index, the manager will take out their fee, reducing the return). WE can increase the value of the Asset without any fees or costs to the donor! Donate today and make a difference in your community!