Writing about web page KBAM
This is a broad concept encompassing the gain, use and disposal of assets in a way so that we make the most effective and efficient use of those assets throughout their life-term.
Profitability and optimum organizational performance is pivotal for all major organizations. AM is the art and science about making decisions to optimise this performance. This professional discipline which focuses on physical asset systems, strives to achieve sustained value for money management of physical equipment and infrastructure.
During the development of my PMA, I took AM from an accounting perspective, as they create the roots of the asset's value to present the real cost of investment, and let the right people decide over the obtained information.
I believe that this concept is very useful and will help me understand all aspects of investment when I decide what to buy, and what cash flows I expect from that asset. It is not just buying for the sole necessity of buying, it's about make the most out of your investment.