While asset management is a phrase commonly used in the financial industry, it is the coordinated activities of any organization to realize value from its assets. This course looks at the processes used to effectively develop, operate, maintain, upgrade, and dispose of assets cost-effectively. Assets are typically considered to be the resources used by the organization to achieve the necessary outputs. Internal rate of return, net present value, and other calculations are used to inform business decisions, ensuring positive returns in excess of costs.
This course offers practical applications for working with data to ensure the most profitable decisions are made about the acquisition, use and disposal of assets and the processes, lean or otherwise, required in order to maximize returns.