Asset Management checklist

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Asset Management workflow:

• Inventorying, classifying and qualifying corporate assets to form up the list of existing objects (registry of business assets to be managed);
• All-round investigation and recognition of the current financial, legal and physical conditions, capacities, and statuses of the existing assets;
• Giving monetary appraisal to every available object, defining their problems, and outlining risks affecting them;
• Describing every unit of existing corporate assets in a very detailed manner – their physical location, administrative and legal ownership, age, purpose, costs, taxes, profitability, etc;
• Engaging internal and/or external professionals to obtain expert forecasting, advice, investigation and resolution on every object available as a piece of corporate assets;
• Elaborating a long-term business strategy on managing corporate assets, which could be directed at the following aims:
  • Liquidation unprofitable or risky assets;
  • Liquidation of debts related to corporate assets;
  • Minimizing costs for maintenance and operating of the company’s assets;
  • Maximizing profits and value of the available assets;
  • Modernization and reorientation/conversion of the available assets;
  • Acquiring and creating new assets;  
• Developing and implementing corporate Assets Management Plan (AMP) comprising essential elements, such as:
  • Objectives of AMP aligned with corporate policies and business strategies;
  • Preferred and recommended techniques answering the current situation;
  • Specific objectives and plans for particular objects of the corporate assets;
  • Outlining the roles: Asset stakeholders, sponsors, managers, coordinators, consumers, etc;
  • Capital planning, development, investments management programs;
  • Ongoing maintenance, energy and other facilities management programs;
  • Performance management program and profitability index planning;
  • External factors that rise risks and handling them;
• Describing and incorporating the roles into the company’s workflow – establishing functional roles and responsibilities, establishing internal services (administration, finances, legal, maintenance, etc);
• Establishing regular on-site inspections, audits, and feedbacks to regularly monitor condition of the available corporate assets;
• Elaborating and formalizing appropriate documented procedures, corporate policies, and business strategies for handling different kinds of operations:
  • Processes of the major decision-making, administration and budgeting of assets;
  • Legal, financial, fiscal, auditorial and risk management functions;
  • Acquisitions & building new assets;
  • Fitting out, development and investing into existing ones;
  • Utilizing, leasing, sub-leasing and selling corporate assets;
  • Insurance of assets against risks, and arranging proper on-site security;
  • Ongoing funding of objects and loans-related issues management;
• Establishing mechanisms for tracking and resolving problems with assets;
• Establishing Asset Management KPIs to define effectiveness of management:
  • Metrics to collect for qualifying & quantifying ongoing data on financial matters (regular costs, net incomes, capital returns, annual and quarter profitability, etc);
  • Ratios for measuring the firm’s success in managing its assets (ratios that show how quickly a company’s resources & inventories can be converted into cash or ...
  
  

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  Order 750 checklists in MS Word and PDF printable format at $49.99 USD only.

  BUY NOW!

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