Introduction to Asset Management

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The systematic approach to the governance and realization of value from the things that an entity or a group is responsible for is referred to as asset management. It is applied to both tangible assets including physical objects like buildings or equipment, and to intangible assets such as intellectual property, financial assets or human capital. Asset management is also involved in operating, developing, maintaining, upgrading and disposing of assets in the most cost effective manner. It can be categorized on the basis of the industry in which it is used. The major categories of asset management include financial asset management, physical and infrastructure asset management, enterprise asset management and public asset management. This book outlines the processes and applications of asset management in detail. It traces the progress of this field and highlights some of its key concepts and applications. Those in search of information to further their knowledge will be greatly assisted by this book.