ASSET MANAGEMENT

Asset management is the overarching practice of getting the most value out of your assets throughout their entire lifespan. This applies to both physical assets, like buildings and equipment, and intangible assets, like intellectual property. The goal is to balance cost, risk, and performance to achieve your organizational objectives. It involves activities like planning, maintenance, data collection, and continuous improvement to ensure your assets are reliable and safe and deliver the value you expect. In ISO 55000, Asset Management is defined as the coordinated activity of an organization in optimizing the value of its assets across its lifecycle. This involves establishing and implementing policies, plans, and processes to get the most out of your assets, considering factors like cost, risk, and operational performance. At Prognoxs, we can assist you in optimizing the performance of your assets and achieving your business objectives with our services.