What is Asset Management ?

 What is Asset Management ? 




  • Asset management is defined as the coordinated activity of an organization to realize value from assets.
  • The availability of appropriate and reliable information about assets is vital for effective asset management as it supports decision making, planning and execution of activities on assets.
  • By providing a structured framework for the creation, collation and exchange of information about assets, BIM supports effective asset management.
  • Thus, BIM must provide information covering the whole life cycle of assets.

Benefits of BIM in Asset Management are :-

  • Reduced project start-up costs.
  • Reduced construction and operational costs.
  • Better life cycle management.
  • Reduced management process costs.
  • Greater clarity on long-term in-service performance expectations and the consequences of design-stage decisions over life cycle performance and cost.

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