All entries for Friday 27 April 2012

April 27, 2012

Setting priorities

Asset management is about many things done well!

Asset management includes so many areas that a company should control. One of them, the facilities management, which might be be biggest chapter of asset management contains some aspects that could at some point overlapped. What I've notice is that those areas shouldn't be treated differently. So for example the property management is highly linked with safety management so for example if the company decides not to buy a different building because is too expensive they should consider that the safety standards of the old building and if it doesn't meet those standards, then a new building should be purchased, or the old building should be repaired either if its expensive or not.

And companies should be aware that investment is anavoitable at some point if they want to manage their knowledge and assets. Of course there are many things that could be done in a lower or even in no cost.

So when companies set priorities to different elements and action steps they should bear in mind different factors such as costs, safety, security etc. that might be contradictory at some point and thus they should find the balance between them.

This information was important for me because even when a company is in a crisis and can't spend much for implementing some actions they shouldn't put at risk their employees or customers safety etc.

April 2012

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