Asset Management is the management of physical assets (their selection, maintenance, inspection and renewal). Asset Management is the art and science of making the right decisions and optimizing these processes.
The different asset classes are stocks, bonds, real-estate and commodities.Infrastructure owners have used ‘Asset Management’ to describe the caring for, making best use of, physical plant, infrastructure and facilities.(Interpretation of British Standard Specification PAS-55)PAS-55 highlights the need for performance-accountable asset-business focus.
Asset Management system is how an organization delivers its business goals with a clear picture of how and why business intentions are converted to ground reality. PAS 55 defines Asset Management as
“Systematic & coordinated activities and practices through which an organization optimally manages its physical assets and their associated performance, risks and expenditures over their lifecycles for the purpose of achieving its organizational strategic plan.”
How does a company get there? How do we know, and demonstrate, what is ‘optimal’? How can responsibility be established? How do we develop the skills, tools and processes to establish and sustain such an environment in the first place?Industrial process, utilities and service companies have, over the last 5 decades developed greater specialization in niche functions.
The effect of this has been to create more and narrower silos of contribution – design, construction, operations, maintenance, human resources, finance etc.At senior management levels, the adoption of an “Asset Management” model has been interpreted to mean a new mix of functional responsibilities (new silos?):
- Asset ‘Owners’ – dealing with regulators and other stakeholders
- Asset Managers – decisions on direction and strategy
- Service Deliverers – work resources & methods
This emphasizes the need for directional thinking (what is worth doing, where, when and why), not just delivery efficiency (doing the same thing quicker, cheaper).
About the Author:ASAP Systems is an Asset Management & Inventory Control Software company with 20 years of experience providing proven solutions for automated data collection and tracking of assets, items and inventory to some of the world’s premier enterprises in virtually every major industry.
How to Compare Car Insurance
By [http://ezinearticles.com/?expert=James_J._Robinson]James J. Robinson
Would you like to know how to compare car insurance companies and policies using a comparison website? It’s quite easy and will help you quickly and effectively determine if there is a better policy anywhere in your county. The first thing to remember when comparing auto coverage rates is that a final quote is not always a final price. If the company sends you a rate quote without taking in all of your data, or doesn’t ask you to sign a contract, then the insurance quote is a general estimate based on the information that you send. Later on, before you start a new policy, you may have to provide proof of the data on your application form. This will finalize your application and actually finish the contract.
Expectations and Information
When you start comparing car insurance policies you will be asked by a comparison website for basic demographic data (age, sex, location) as well as your driving history. If you can provide a clean record of driving for at least five years, and are not in a high risk category, then you should be paying less than the national average. Right now that average is $1,780 a year. You may also be asked to estimate the mileage you drive every year and state the make and model of your car.
After entering your data, you will be sent a price quote via email. This quote is usually mailed off in less than a half hour. At that point, you will be given several choices of insurance providers to choose from, each one with their requirements and policies listed for your review.
Benefits and Cost
Once you have your information you’ll need to compare things like deductibles, premium, type of coverage and payment options. Don’t forget to ask about discounts as these can make one policy a better bargain that you initially thought. Since you put in the same data for all companies, comparing the offerings is simple. You may choose to do another quote using different a different coverage amount or policy type too.
This is the easiest and most effective way to find a new car insurance policy. Once you learn how to [http://www.carinsurancecomparison.com]compare car insurance compare car insurance plans online, you will be able to make informed decisions based on your research and have more negotiating leverage on your side when speaking to insurance agents. Why not use an [http://www.carinsurancecomparison.com]car insurance comparison rate quoter right now?
Article Source: [http://EzineArticles.com/?How-to-Compare-Car-Insurance&id=3558288] How to Compare Car Insurance
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