Asset Management broadly defined, refers to any system that monitors and maintains things of value to an entity or group. Asset management is a systematic process of operating, maintaining, upgrading, and disposing of assets cost-effectively. 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).
Camden Group as developed the MIMS asset management system. This system places assets in a robust database that allows inputs and reporting for a host of parameters allowing the ability to track the age, condition, useful life, maintenance cost and replacement cost among other valuable data. Camden Group can assist you in developing an asset management plan that assures the proper maintenance of your capital assets and infrastructure and forecasts replacement costs. With this information in hand you can make educated decisions regarding repair and replacement and budgeting for short and long term capital planning.