There would be no aspect of a company that would not be touched by group asset management. Any kind of property would be used to conduct its daily business but even its finances, which would affect all operations, would fall under the scope of this control. Even intangibles such as reputation and loyalty are part of the overall value of a company as well as staff and information.
The purpose of group asset management is to optimize spending so that the greatest value is derived from any aspect of the company in which there is investment. This ranges from initial investment, recruitment or development to ongoing maintenance and eventual renewal or disposal. All of this needs to be done within the framework of business objectives and goals.
There are three stages that will lead to optimal outcomes. Firstly the individual elements need to be identified and decisions need to be made on optimizing their value. If you need a new building for example, how much should be spent on it and for what reasons.
Even the means of finance would have a bearing on how much would get spent in the end. In the end it is not just about how much is spent though but what the return will be. Initially you just need to look at all the costs independently.
The next stage of optimization takes all of these separate aspects and combines then to see how they affect each other. This will help to create a strategy that combines all the different elements in the most effective way. Only once all the various possibilities have been considered can you create the final implementation plan.
The overall strategy will balance all the various costs that are involved. The timing of activities can be altered to create the greatest combined benefit or activities can be bundled together for the same purpose. In the end group asset management is about designing a complete system that yields maximum benefits.
The purpose of group asset management is to optimize spending so that the greatest value is derived from any aspect of the company in which there is investment. This ranges from initial investment, recruitment or development to ongoing maintenance and eventual renewal or disposal. All of this needs to be done within the framework of business objectives and goals.
There are three stages that will lead to optimal outcomes. Firstly the individual elements need to be identified and decisions need to be made on optimizing their value. If you need a new building for example, how much should be spent on it and for what reasons.
Even the means of finance would have a bearing on how much would get spent in the end. In the end it is not just about how much is spent though but what the return will be. Initially you just need to look at all the costs independently.
The next stage of optimization takes all of these separate aspects and combines then to see how they affect each other. This will help to create a strategy that combines all the different elements in the most effective way. Only once all the various possibilities have been considered can you create the final implementation plan.
The overall strategy will balance all the various costs that are involved. The timing of activities can be altered to create the greatest combined benefit or activities can be bundled together for the same purpose. In the end group asset management is about designing a complete system that yields maximum benefits.
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