Assets are inventory, plant, equipment, and other facility contents that differ from real property such as land and buildings. To maintain effective control, assets are managed through registers that list specification details, acquisition dates, serial numbers, monetary valuation, insurance, warranties, location, maintenance requirements, and other information. Asset management is more of a tactical skill, but it does include some strategic aspects such as purchase or lease decisions, security considerations, and workplace layout. Computer assets (hardware, software, networks, and data) are typically managed separately as part of an information technology portfolio, but this is changing as facilities and technology integrate more.

Furniture is one of the larger asset classes, at least for commercial buildings. Given the importance of flexibility, reconfiguration, and plan density in open plan office applications, furniture selection can be a strategic decision. Modular furniture that can be arranged in a variety of ways without requiring structural or technological modifications is preferred. Furniture must be ergonomically designed, aesthetically pleasing, and, more and more, environmentally friendly. Privacy, noise reduction, personalization, and color are all important considerations. While the cost of purchasing furniture is still an issue, the contribution that furniture may make to workplace productivity is far more significant.

Asset registers are frequently managed using graphics-based software. In a three-dimensional computer-aided design system, database details are linked to graphic images as attributes, and images are viewed alongside other building elements. This approach has the advantage of making information easily accessible while also allowing the entire facility to be coordinated through a single interface. To assist management and test configuration strategies, realistic walk-through representations of floor layouts can be generated. All of these innovations contribute to higher value and more productive workplaces.

The day-to-day management of a facility's operations necessitates a wide range of knowledge, investment, time, and patience. Asset management can be viewed as a high-level strategic function focused on value enhancement, and it can also be seen at the micro level in the day-to-day operational decisions of running building services. The truth is that asset management concepts pervade every level and activity in facility operation and management. All functions within a facility's operation should be centered on the needs of the customer; we have reached that point where debate or explanation of this fundamental is required. Asset management requires an understanding of what the client desires, what the organization is capable of providing, and the technical requirements of the assets themselves.

Since most parties have already squeezed staffing levels and maintenance activities as tightly as possible, and technology allows space utilization to be optimized, the next stage in improvement will be the application of integrated technology to ensure processes are aligned and under control. As a result, the future of asset management is closely linked to technological advancement and innovation.

Reference:

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