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Property Management: The Good, the Bad, and the Ugly
Property Management: The Good, the Bad, and the Ugly Being a landlord is not all it’s cracked up to be. Think carefully of all the responsibilities that follow the purchase of an investment property for rental use. Screen your clients, run credit...
The Key to High Productivity is Energy Management
One of the issues most often raised by my clients is better time management. People have tried prioritizing tasks, blocking out parts of their day for certain tasks, implementing new systems and getting better at delegation. While all of those...
The Management Team Section of Your Business Plan
Even the best new concept or existing plan will fail if executed poorly. The Management Team section of the business plan must prove to the investor why the key company personnel are "eminently qualified" to execute on the business model. The...
TIME MANAGEMENT? NO!
Many people want to be coached to manage their time better. I say NO! to that. You cannot manage time anyway; it just keeps ticking away no matter what you do. What you can do is manage yourself based on the two concepts I keep mentioning:...
Top Six Reasons to Buy Rather Than Build an Inventory Management Solution
Is building your own inventory management solution really your best bet? The issues that companies face when they decide to build a solution in house are numerous: Scarce development resources, project cost overruns, delivery delays,...
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Asset Management 101
Asset management is the method that a company uses to track
fixed assets. It is the process of controlling assets throughout
their lifecycle - from procurement, through daily operations,
and finally disposal. Factory equipment, desks, chairs,
computers, and property are some examples of such assets.
Broadly speaking, asset management involves tracking the
physical location of assets, managing demand for scarce
resources, and accounting tasks such as amortization. Issues
that are part of asset management include asset value and
depreciation; purchasing requests, orders, and asset receipts;
licenses, leases, maintenance, and other contracts; vendor
performance, service levels, and warranties; departmental and
user data; and physical asset attributes. One of the purposes of
going all these lengths and putting in effort to organize all
this information is to keep track of important information such
as how much the asset costs, whom it was purchased from, who is
using it, where it is physically located, which department code
the cost should be assigned to, which vendor should be called
for support, when the lease expires, when it should be retired,
what the depreciation rate is, etc. This, in turn, provides the
basis for managing and optimizing an
organization's entire asset
portfolio.
When we speak of property management as part of asset
management, it includes property selection, implementation of
policies and performance standards for that property, and
monitoring of its performance in relation to the owner's
objectives.
Generally, there are four broad stages of the asset lifecycle:
Planning and procurement: This involves planning, ordering, and
receiving the technology. Operations: This includes managing the
day-to-day operations of the assets to maximize productivity.
Financial management: It involves ensuring accurate tax,
depreciation, and other costs. Disposal: Once it is time for
disposal, you are required to remove the asset from the
enterprise in compliance with environmental regulations.
Various tools are available for asset management. However, it is
important to realize that asset management is primarily a
process, and the tools aspect is just a small aspect of it.
Since every organization is unique, with its own unique needs
and strategies, the ideal asset management process for each
organization differs.
About the author:
Chris Tolamalu is interested in asset
management.
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| About Management - business management - people management - and more |
| THE starting place for exploring MANAGEMENT; helping new managers get started and experienced managers get better. |
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| Management - Wikipedia, the free encyclopedia |
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| Management |
| International review on management research. Peer-reviewed, occasional. Ejournal, with tables of content, abstracts and full articles available on-line. |
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| Agency of the US government tasked with Disaster Mitigation, Preparedness, Response & Recovery planning. |
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| FT.com / Business Life |
| Account Manager. Recruiter: Financial Times. Part Qualified Management Accountant. Recruiter: Robert Half Finance & Accounting ... |
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| Small Business Management: Advice and Guides |
| Online guide to small business management. Find articles, advice and how-to guides. |
| www.entrepreneur.com |
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| Academy of Management Online |
| Academy of Management: This is the official web site of the Academy of Management, with information on membership, journals, list servers, web sites, ... |
| www.aomonline.org |
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| Business Management, Leadership and Decision Making Strategies and ... |
| Provides business management articles, webcasts, online learning, and books as well as conferences focused on leadership and decision making. |
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| Object Management Group |
| Distributed object computing industry standards group founded in 1989. Defined standards include CORBA and IIOP. |
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| Management Reading | Global Executive | Business | Economist.com |
| The one management thinker every educated person should read Nov 17th 2005 ... The story of Emerson's successful management process is fascinating. ... |
| www.economist.com |
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| Emerald: Home |
| Publisher of journals in management and library and information services, engineering, applied science and technology. |
| www.emeraldinsight.com |
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| Yale School of Management |
| The mission of the Yale School of Management is to educate global leaders for business and society. We pride ourselves in providing a hard-edged business ... |
| mba.yale.edu |
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| Official Federal Government site listing positions nationwide for special agent, federal police officers and related jobs. |
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| Waste Management |
| Waste Management is the #1 Residential and Commercial Trash Service Provider. |
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| US Office of Personnel Management |
| Includes federal jobs listings, upcoming events, numerous humans resources reports, news releases and additional official information. |
| www.opm.gov |
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