Asset Management Department

The asset management department is of great importance to the company. It is responsible for the effective management of physical, financial, and intangible assets, including investments, real estate, equipment, and other assets.

The structure of the department depends on the type and size of the company. It may include a department head, specialists in specific types of assets, technical maintenance, occupational health and safety, finance, and accounting.

What are the functions of the asset management department?

Asset management department functions include: planning and strategic management, acquisition, operation and maintenance, modernization, sale and disposal of assets, systematic monitoring of asset condition, assessment of their effectiveness, risk analysis, and monitoring of compliance with standards and regulations. 

Professional asset management allows you to optimize costs, increase profitability, minimize risks, adjust asset management strategies in a timely manner, and make informed decisions about modernization and disposal.