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ASSET MANAGEMENT SOFTWARE ADVICE |
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> General Advice for asset management software |
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Asset management is a business process and a decision-making framework that
covers an extended time horizon, draws from economics as well as
engineering, and considers a broad range of assets. The asset management
approach incorporates the economic assessment of trade-offs among
alternative investment options and uses this information to help make
cost-effective investment decisions.
Asset management has come of age because of:
-changes in the transportation environment,
-changes in public expectations, and
-extraordinary advances in technology.
The advent of increasingly powerful computer systems has made the practice
of asset management possible. These computer systems not only put
sophisticated analytical tools at a highway staff's fingertips, but also
allow agency officials to perform "what if" analyses that in turn facilitate
discussions with other stakeholders
What Is An Asset Management Plan? Most people, when asked to define an asset
management plan, would describe it as a written document which presents in a
clear, easily understood manner, the overall long-term vision, operating
philosophy and general direction to be used in managing an agency's Trust
and Non-Trust real estate assets. Upon further questioning, many of these
respondents might be prompted to describe the function of such a plan,
stating that its primary purpose is to ensure that both agency staff and the
public clearly understand what considerations will be consistently employed
whenever a decision is made concerning the acquisition, disposal, and use of
publicly-owned land. From these standpoints, an asset management plan is, in
many respects, an "operator's manual" for a land management agency. |
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