Asset management
Definition
Asset management is Management of organization's assets
Summary
Description
Asset management is an approach for the management of a nuclear organization to consider, in a balanced fashion, the entirety of its resources. Asset management, broadly defined, refers to any system that cost-effectively monitors and maintains organization's assets[1]. This includes management of tangible assets such as personnel and other animate creatures, facilities, equipment, fiscal investment, inventory, and intangible assets such as knowledge, see Fig 1.
As knowledge management concerns itself with knowledge, at least part of which is organization's intangible asset, KM and asset management partly overlap, see Fig 1.
Approaches such as the balanced scorecard can be employed to assure appropriately distributed attention to the whole of an organization’s resources. Also a well-planned KM system can contribute to meeting such challenges.
References
[1] Wikipedia http://en.wikipedia.org/wiki/Asset_management
