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Physical Asset Management - where do we start to start it right?

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Question added by Muhammad Navil Mahmood , Technical Director , AMAS FM Consultant
Date Posted: 2014/08/08
Michael Stacey
by Michael Stacey , Group Security Operations Manager , Supreme Group

It all depends on the location, situation and type of project.  However, in general we should start at the begining and catogrise each item depending on cost, type of item and the resale value, taking in to account the annual depreciation percentage set against each group of items.  All of which should be recorded when the delivery and purchase has been made.  Even items which have depreciated to zero should still be managed.   

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