Asset management is a set of processes and activities that ensure the trouble-free operation of assets in order to maintain their value as high as possible or even to further develop and increase their value. In practice, there are two ways of understanding the term, one in facility management, the other one in finance management.
Asset Management in Facility Management
The term is used to describe a proactive management of, in particular, immovable property - its maintenance, repairs and investments. The aim is to ensure maximum efficiency and return on investment. This is how the term Asset Management is understood in facility management or by the businesses who own some immovable properties and take care of it. In this context, the term is used interchangeably with the term property management.
Asset Management in Finance Management
In the financial sector, the term asset management is narrowed down to financial assets of various forms, ie. money appreciation through investments in money and capital markets.
What is important for a good asset management?
It is primarily the proactivity of the manager or administrator responsible for a given asset. This person must be able to assess the situation correctly and in time, so the asset doesn’t lose its value but, on the contrary, gains it (if possible).