Asset management

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Asset Management

Asset means the value owned by an entity. The process of handling (i.e. management of) assets widely termed as Asset Management. As management provides ease of collection, processing, analysis and maintenance of extensive information about various types of assets[1]. Hence, Asset Management can be termed as a systematic process of maintaining, upgrading and operating physical assets cost-effectively with an approach focused on:

  • Extract more return with same input
- An asset manager assumes responsibility for taking every investment opportunity with to achieve the best possible results in increasing the value of entrusted funds [2]
  • Increase Asset utilization and reduce maintenance cost [3]
- Total labor, benefits and overtime cost of maintenance technicians and support personnel
- Total labor, benefits and overtime cost of production and other personnel that help maintenance during repair operations
- Total cost of maintenance materials, including express freight, short lead time premiums, etc.
- Total cost of maintenance supplies and the maintenance portion of production supplies.

As cost and time in managing assets reduces it leads to increase in productivity

Asset Management and GIS

GIS and Asset Management go hand in hand as they have many similarities as far as their capabilities, approach and limitations are concerned.

Particular Asset Management GIS
Decision Making Yes Yes
Combine engineering principles with Sound business practices Yes Yes
Logical and Organized Yes Yes
Scalable Yes Yes
Centralized data storage Yes Yes
Ease of use Yes Yes
User friendly output Yes Yes
Handle dynamic information Yes Yes
Support multiple data formats Yes Yes
Useful for general purpose Yes Yes
Possible to adapt for specific purpose Yes Yes
Require skilled personnel Yes Yes
Expensive Most of the Time Yes
High cost of collecting and data gathering Based on approach Depends on type of assets being mapped
Realization of benefits Can be immediate to long term Usually long term

Possible fields for implementing GIS in Asset Management

A general list of public assets available in a GIS environment is as below[1]:

Major Assets Examples
Street Assets Benches, street lights, traffic signals, signposts, garbage cans, fire hydrants, bus stops, bridges, overpasses and underpasses, tunnels, culverts, and guardrails
Pipeline Network Water supply system, gas pipeline, oil pipeline, and steam pipelines
Drainage Network Rivers and canals
Utility Network Electricity, cable, telephone, and computer cables
Transport Network Railways, roadways, rivers, airways, and shipping
Fleet Assets Garbage trucks, ambulances, police vehicles, fire tenders, transport vehicles, construction equipment, and other vehicles
Building Assets Government offices, public buildings, educational buildings, public

safety buildings, historic buildings, and sporting facilities

Natural Assets Oil & Gas, Mining
Other public Assets Beach facilities, religious facilities, monitoring stations, water and sewerage treatment plants, water wells, springs, reservoirs, dams, parks and playground equipment, trees, and car parks


Various fields where GIS is suggested or used for Asset Management are summarized below: