Every aspect of a company's operations could be affected by group asset management. From buildings to staff there is nothing which could not be considered of some value to an organization. Whether tangible or intangible there are various aspects such as finance or even image which can benefit from finer control of the investment which is put into it.
Spending at every stage should be controlled so that the maximum return is delivered for the lowest investment. This does not mean just spending the least possible amount. Sometime a higher investment will reap greater rewards or might even be recouped at the disposal stage. What is important to group asset management is that the goals and objectives of the company are reached.
There would be three parts to the overall planning process. The first thing to do is consider the basic costs. Let's say it is a warehouse that needs to be acquired. The initial cost will be obvious but you also need to look at long term costs such as rates and maintenance.
Even the basics of how to finance might effect the long term costs. There could also be more practical consideration that could affect costs or even profits. If you need to maintain the image of a company then it could be worth spending more money. If you could save money on logistic then it might be worth choosing a certain location for a building for example even if the direct costs would be higher.
Once all the basic requirements are clear then you can start to look at how different decisions might lead to different outcomes. This would look at various combinations of individual aspects to determine the most effective balance. Once all the variables have been consider then a final plan can be created.
The final process has to balance all of the requirements to achieve the maximum benefit. This could be done by planning timing or selecting activities that could be uniform across the organization. The end result of group asset management is basically getting the most out with the least effort through careful planning.
Spending at every stage should be controlled so that the maximum return is delivered for the lowest investment. This does not mean just spending the least possible amount. Sometime a higher investment will reap greater rewards or might even be recouped at the disposal stage. What is important to group asset management is that the goals and objectives of the company are reached.
There would be three parts to the overall planning process. The first thing to do is consider the basic costs. Let's say it is a warehouse that needs to be acquired. The initial cost will be obvious but you also need to look at long term costs such as rates and maintenance.
Even the basics of how to finance might effect the long term costs. There could also be more practical consideration that could affect costs or even profits. If you need to maintain the image of a company then it could be worth spending more money. If you could save money on logistic then it might be worth choosing a certain location for a building for example even if the direct costs would be higher.
Once all the basic requirements are clear then you can start to look at how different decisions might lead to different outcomes. This would look at various combinations of individual aspects to determine the most effective balance. Once all the variables have been consider then a final plan can be created.
The final process has to balance all of the requirements to achieve the maximum benefit. This could be done by planning timing or selecting activities that could be uniform across the organization. The end result of group asset management is basically getting the most out with the least effort through careful planning.
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