Definitions for asset management
as·set man·age·ment

WikipediaRate this definition:0.0 / 0 votes

1. Asset management

   Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastructure, buildings or equipment) and to intangible assets (such as human capital, intellectual property, goodwill or financial assets). Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner (including all costs, risks, and performance attributes). The term is commonly used in engineering, the business world, and public infrastructure sectors to ensure a coordinated approach to the optimization of costs, risks, service/performance, and sustainability. The term has traditionally been used in the financial sector to describe people and companies who manage investments on behalf of others. Those include, for example, investment managers that manage the assets of a pension fund. The ISO 55000 series of standards, developed by ISO TC 251, are the international standards for Asset Management. ISO 55000 provides an introduction and requirements specification for a management system for asset management. The ISO 55000 standard defines an asset as an "item, thing or entity that has potential or actual value to an organization". ISO 55001 specifies requirements for an asset management system within the context of the organization, and ISO 55002 gives guidelines for the application of an asset management system, in accordance with the requirements of ISO 55001.

WikidataRate this definition:0.0 / 0 votes

1. Asset management

   Asset management within the context of social housing in the UK is a relatively new specialism. It pertains to the function within a Housing Association, Arms Length Management Organisation or Local Authority housing department that is responsible for the long term management of social housing stock. The aim of social housing is to provide housing that is affordable to people or tenants on low incomes. Asset management is a strategic planning tool driven by stock condition data to forecast future costs of maintaining housing stock. Often this includes the management of asbestos data. There are two systems that play a vital role in the management of your housing stock. These are your housing management and asset management systems. 1) Housing Management; an operational management tool that deals with rent collection, allocations, estates, repairs, tenant enquiries and contractors and is generally the core system used by a social landlord. 2) Asset Management; a strategic planning tool driven by stock condition data to forecast future costs of maintaining housing stock. Often this includes the management of asbestos data. This includes projecting future costs to maintain housing stock at the required standard, managing programmes of capital investment and undertaking stock options appraisals. Social landlords are also required to produce Energy Performance Certificates. Link to Guidance for Social Landlords

Editors ContributionRate this definition:0.0 / 0 votes

1. asset management

   The efficient, effective and proactive management of all forms of public housing as an asset by all forms of unity assembly, unity council, unity legislature, unity senate, unity house of representatives, unity parliament, unity government, devolved regional unity government, national unity government, european unity government and international unity government

   Asset management of housing throughout the country is a vital facet of unity government responsibility

   
   

   Submitted by MaryC on February 7, 2021  

How to pronounce asset management?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say asset management in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of asset management in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of asset management in Pythagorean Numerology is: 4

Examples of asset management in a Sentence

1. Chief Financial Officer Evan Russo:

   In the third quarter we conducted a review of our business that resulted in a realignment, including employee reductions and the closing of sub-scale offices and investment strategies, the employee reductions involve approximately 200 people across financial advisory, asset management and corporate functions.

2. Jackie Hunt:

   You ’ll see Allianz being more involved in the asset management businesses than in the past.

3. Etienne Comon:

   Insurers are becoming much more sophisticated about investing in private equity, a number of U.S. and European insurers are taking stakes in alternative asset management companies.

4. Litsa Zarkada:

   It's like we've been born again and finally feel some hope, we were thrown into the street just before we could take our pension. We have been through so much. The new government faces an immediate cash shortage, with a dwindling primary surplus, upcoming loan repayments, and limits on the money it can raise using treasury bill auctions. Megan Greene, chief economist at Manulife Asset Management, said the government will be unable to afford to run its day-to-day operations and pay back debt that falls due in March in the absence of additional cash from international creditors.

5. One UK-based fund manager:

   Thiam's background in insurance and asset management suggests Credit Suisse's focus is moving increasingly away from investment banking, i'd like to see his plans first though.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Asset_Management
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=asset management