an SEC registered investment advisor and subsidiary of First Albany Companies Inc
a unique and flexible central management database that enables organizations to exert greater control over IT assets, automate IT operations, and make better decisions about resource and budget allocation
Glossary.................................................................................................................................................................................. Select your asset management topic
A systematic process of maintaining, upgrading, and operating infrastructure assets. The process combines engineering principles with sound business practice and economic rationale, and it provides tools to facilitate a more organized and flexible approach to making the decisions necessary to achieve the publics expectations.
A systematic process of maintaining, upgrading, and operating physical assets cost-effectively. It combines engineering principles with sound business practices and economic theory, and it provides tools to facilitate a more organized, logical approach to decision-making. Thus, asset management provides a frame work for handling both short and long-range planning.
Mutual funds OPCVM : CIU, Collective Investment Undertaking in movable securities PCVM : Collective investment in movable securities SICAV : Open-end investment fund These are collective investment instruments which are managed as a whole for all shareholders and co-owners and divided up into subfunds, each of which has its own asset allocation policy (regional, sectoral, comprehensive ("acacia"), mixed, bonds, by time limit, etc.)
Asset Management involves measuring and managing the effectiveness an organisation's assets.
Implementing a set of operating and accounting procedures intended to maximise the return on investment (ROI) of the equipment assets of an organisation, especially capital assets. See asset tracking.
The assembly, management and disposition of a portfolio of investment properties.
Account An account at a brokerage or bank that includes the services of both. Asset management accounts generally offer check-writing privileges, credit or debit cards, and automatic transfers from one account to another. They often require an annual fee.
Management of investments according to risk and return considerations.
Is the short and long term management of Council assets in such a way as to ensure that the service potential of the asset is maintained at minimum cost. Capital Expenditure Is expenditure incurred in acquiring assets that will provide service both now and in future years. City Vision A statement from the Council's "Strategic Plan to the year 2008" that sets out the key characteristics of the City that the Council wishes to preserve, enhance or achieve. The various strategies and capital works proposed in the Strategic Plan are designed to contribute towards the achievement of the visions. Depreciation The wearing out, consumption or other loss of an asset's value. Depreciation charges serve to reduce the value of the asset to show its current service potential. Income Is the revenue gained during the year from the provision of services to the community. Some funding sources are not classed as income - for example, loans and the proceeds from the sale of assets. In the latter cases only proceeds in excess of the book value of the asset is recorded and is classed as income.
A process that enables a utility to determine how to minimise the total cost of owning and operating infrastructure assets while continuously delivering appropriate service levels to customers.
A standard accountancy process concerned with maintaining details of assets above a certain value and their depreciation. Asset management systems may include information on the values, current ownership and location of assets in an Asset Register but, unlike Configuration Management, will not record the relationships between assets. IT organisations that do not have a fully fledged CMDB will probably still have one or more Asset Registers, describing, in part, the IT infrastructure.
PeopleSoft system used for property control and the replacement cost allocation system established by the University Business Office. Through this system, schedules are established in which qualifying property, has a set amount transferred to a UBO managed reserve department. At the end of the designated replacement set aside term, the department will have reserved sufficient funds to replace the item at the end of its useful life.
Professional management, including investment funds, of assets of private individuals and institutions aimed at the realisation of an optimal investment result.
The process of guiding the acquisition, use and disposal of assets to make the most of their service delivery potential and manage the related risks and costs over their entire life.
The various disciplines involved with managing real property assets from the time of investment through the time of disposition, including acquisition, management, leasing, operational/financial reporting, appraisals, audits, market review and asset disposition plans
Activities aimed at The management of the financial assets in order to maximize return. Maintaining those assets and achieving the predicted returns.
The process whereby a large organization collects and maintains a comprehensive list of the items it owns such as hardware and software. This data is used in connection with the financial aspects of ownership such as calculating the total cost of ownership, depreciation, licensing, maintenance, and insurance.
Asset management is a module in the myUFL Systems which provides the means to track and account for property of the university. Each piece of tracked property has a property tag and is scanned periodically by Property Records with information stored in the myUFL Systems.
the process of selecting a portfolio of investments that is expected to deliver an acceptable return for a given level of risk
The business of managing assets to make them produce maximum revenue over the longer term. The expression is generally used in the context of financial assets.
The process of managing corporate assets in order to enhance operational efficiency while minimizing costs and associated risks.
A competency that encompasses the specification, purchasing, managing, maintaining and disposing of vehicles at the appropriate time, all to increase return on investment.
Investment management service provided by financial institutions on behalf of their clients.
The process of appraising, tracking, evaluating, inspecting, selling, re-leasing and otherwise managing equipment in a lease portfolio.