Understanding and Appreciating Asset Management
Asset Management is a subject that can be quite broadly defined and is far more complex than many would imagine. It basically refers to any system (physical, intellectual or otherwise) where things of value to an individual or a group are put under heavy monitoring and maintenance. Asset management can relate to everything from property to intellectual copyright with teams specialised in each individual field. Asset management is a practice undertaken in all sectors of the market, from the retail sector, to government and health and leisure to transportation, asset management is a key component of all modern businesses.
Services undertaken by an asset management firm might include corporate recovery when a business has fallen into insolvency. Here the firm will maximise the value of the corporation assets thanks to a team of specialists who are well versed in the worth of all manner of assets. The firm should have long established working relationships with insolvency practitioners, banks and lawyers and will have operated in every possible kind of business.
The most common form of physical asset management will come in the form of properties and structures. When evaluating these assets every stage of the structures lifespan will be ironed over and managed, from design and construction right up to dissolution. Properties assessed might range between everything from a power plant or water treatment facility, to transport systems and office buildings.
Another service taken care of by asset management firms will be 'building consultancy', a device whereby a potential construction will be examined from every possible angle. This will include the cost of building materials, the cost of the design work and the cost of the chosen location for the construction. There will also be specialists in an asset management firm who will be trained specifically in order to make sure the construction will be both economical and environmental virtuous.
'Valuation' might be the most obviously beneficial service that an asset management firm will provide. The valuation team will have an extensive knowledge of a range of market sectors and will be able to apply this knowledge into the analysis as assessment of a company's assets. The team will have worked for a variety of clients including bankers, lender and investors from all walks of life and will use this eclectic experience to draw up a portfolio valuation of all a company's assets. The portfolio will prove invaluable to thriving and struggling business alike.
Services undertaken by an asset management firm might include corporate recovery when a business has fallen into insolvency. Here the firm will maximise the value of the corporation assets thanks to a team of specialists who are well versed in the worth of all manner of assets. The firm should have long established working relationships with insolvency practitioners, banks and lawyers and will have operated in every possible kind of business.
The most common form of physical asset management will come in the form of properties and structures. When evaluating these assets every stage of the structures lifespan will be ironed over and managed, from design and construction right up to dissolution. Properties assessed might range between everything from a power plant or water treatment facility, to transport systems and office buildings.
Another service taken care of by asset management firms will be 'building consultancy', a device whereby a potential construction will be examined from every possible angle. This will include the cost of building materials, the cost of the design work and the cost of the chosen location for the construction. There will also be specialists in an asset management firm who will be trained specifically in order to make sure the construction will be both economical and environmental virtuous.
'Valuation' might be the most obviously beneficial service that an asset management firm will provide. The valuation team will have an extensive knowledge of a range of market sectors and will be able to apply this knowledge into the analysis as assessment of a company's assets. The team will have worked for a variety of clients including bankers, lender and investors from all walks of life and will use this eclectic experience to draw up a portfolio valuation of all a company's assets. The portfolio will prove invaluable to thriving and struggling business alike.
About the Author:
GVA are national property management experts. Find out more by visiting their site here.
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