April 06, 2011

ASSET MANAGEMENT – USAMA NADEEM (KBAM)

Assets are the most important part of all the organizations irrespective of their size. They could be tangible or intangible. Tangible assets include things like building, machinary, tools etc and intangible assets are non physical such as copyrights, patents etc. In this module we are going to focus on physical assets like buildinhg plant and other assets like computer programs and information assets which also fall under one of these catagories as well. Asset management is basically about how we can effectively manage all of these assets. It also includes aspects like health and safety, security, maintenance, environmental management aswell, which are all related to these assets. So, we have to manage our assets in accordance with all of these aspects to gain improvement and increase our customer satisfaction. A company striving for excellence has to look at all of these perspectives and can not over look any of these since there is no short cut to excellence.

So, we can see that asset management is very very important for all the organizations and there is a need to manage them with great responsibility and effectiveness for reaching excellence. So, in the future when we join an organization in any business with what ever assets, we need to highlight the importance of asset management and what benefits it would bring to the organization. 


- 2 comments by 1 or more people Not publicly viewable

  1. This is a good summary of KBAM, I would like to add the Knowledge Management part. It relates more to the intangible assets that employees posess, a great challange for us is to ensure that the tacit knowledge becomes explicit so employees can learn from each other as part of a continuous improvement cycle

    07 Apr 2011, 08:13

  2. Yes, this is actually a very good point that you have raised. I also agree with the fact that there should be an environment within the organization so that employees can interact with each other as much as they can and share their knowlegde and this is where knowledge management system comes into play. I also liked the idea from one of the presentations on Friday relating to a company based intranet, where people can interact and share their experiences and that would definitely support the flow of knowledge.

    09 Apr 2011, 15:03


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