Asset management, broadly defined, 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 assets such as human capital, intellectual property, and goodwill and financial assets. Asset management is a systematic process of deploying, operating, maintaining, upgrading, and disposing of assets cost-effectively.
The term is most commonly used in the financial world to describe people and companies that manage investments on behalf of others. These include, for example, investment managers that manage the assets of a pension fund.
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).
Asset management within the context of social housing in the UK is a relatively new specialism. It pertains to the function within a Housing Association, Arms Length Management Organisation or Local Authority housing department that is responsible for the long term management of social housing stock.
The aim of social housing is to provide housing that is affordable to people or tenants on low incomes. Asset management is a strategic planning tool driven by stock condition data to forecast future costs of maintaining housing stock. Often this includes the management of asbestos data.
There are two systems that play a vital role in the management of your housing stock. These are your housing management and asset management systems.
1) Housing Management; an operational management tool that deals with (among other things) rent collection, allocations, estates, repairs, tenant enquiries and contractors and is generally the core system used by a social landlord.
ABB Ability™ Energy and Asset Manager now available for non-ABB systems ... Using Omnio data unification technology, data from non-ABB systems can now be immediately interpreted and viewed alongside ABB system data using the ABB AbilityTM Energy and Asset Manager, regardless of the manufacturer or model.
He moderated a webinar organised by the Christopher KoladeCentre for Research in Leadership and Ethics titled ‘Responsible people management –translating organisational culture and values into new work models’ ... To support a hybrid work model, what we need are management teams that drive performance not attendance.
... ecosystem. MidChains has assembled an exceptional management team and as it executes on its business model we believe it will become the preeminent platform for trading digital assets, both in the UAE and throughout the world.”-- TradeArabia NewsService.
Based on a UK-based informative website on BIM, BuildingInformation Modelling is defined as a very broad term that describes the process of creating and managing digital information about a built asset such as a building, bridge, highway, or tunnel, while ISO 19650.2019 defines ...
The project will also demonstrate the benefits of implementing a digitalized system to fully integrate and remotely manage multiple minigrids. The system will consist of smart meters, digital models of the minigrids and their distribution networks, and software for real-time outage management, asset management, and planning.
South African asset managers lag developed world leaders in terms of the movement out of actively managed funds and into index funds, and South Africa is “first world when it comes to our financial services industry”, says Van Heerden.
Bengaluru. Oyo Hotels & Homes aims to list in India at a valuation of $12-15 billion without its founder Ritesh Agarwal offloading any stake in an upcoming IPO, people aware of the company’s plans said ...Besides the changes around the minimum guarantee model, it is also focusing on an asset-light model with no staff of its own managing properties ... .
Asset ownership comes late these days ... “Housing is now an asset class for the uber-rich,” she said ... Pre-crash, this model was simply too time consuming and small scale to interest asset managers ... This created an opportunity for asset managers to bulk-buy many homes at once ... First, the so-called “college wage premium” that regards degrees as assets.
It will incentivize promoters to strip assets funded by banks, declare bankruptcy, and then use their control retention over the firm’s management to cover up their tracks and force creditors to accept smaller recoveries ... This model of asset-stripping has been widely documented in ...
“Based on what we’ve seen with Xylem’s predictive modeling services, we are confident that replacing these mains is the best bang for the buck,” said Adam Haggerty, Asset Manager for RaleighWater... “It’s a huge challenge to manage risk in a big pipe network,” said Rocio Echeverria, Vice President and General Manager at Xylem.
The company’s unique business model has the ability to manage large portfolios of trucking assets throughout their life cycle while driving superior returns ... “FoxPoint Trucks is one of the largest and fastest growing tech-enabled Class 8 truck leasing and asset management platforms in the country,” said Kyle C.
Premium Premium Voda Idea may drop plan to monetize its assets ... The InvIT will comprise the largest portfolio of privately held road assets in the country ... InvITs manage income-generating infrastructure assets, typically offering investors regular yield and a liquid method of investing in infrastructure projects.
BIM method is carried out to preserve cultural heritage buildings by monitoring and controlling the building's important value assets through three-dimensional (3D) modeling ...JakartaCultureAgencyHead, IwanHenry Wardhana conveyed, this building modelling method has been widely used recently in planning new buildings and asset management.
“So we came up with the idea of Cartona, which is basically a fully light-asset model that connects manufacturers and wholesalers to retailers.” ... The company’s business and revenue model is similar to other ... But Cartona solely manages an asset-light model.
According to the Knight Foundation's Diverse Asset ManagementStudy, diverse talent manages only 1.3% of the $69 trillion institutional assets under management and accounts for 10% of total firms in the U.S. asset management industry, despite being overrepresented in the top quartile of performance.