Transforming Asset Management—A Path to Sustainable Infrastructure Introduction: The Road to Better Asset Management In 2005, South Africa took a crucial step in improving its asset management practices. A decree was issued requiring each government department to maintain two separate asset registers: a major asset register for assets valued over R5,000 and a minor asset […]
Tag Archives: Asset Lifecycle
Asset lifecycle refers to the entire process of managing an asset from acquisition to disposal. It includes stages such as planning, procurement, operation, maintenance, and decommissioning. Proper asset lifecycle management ensures optimal performance, cost-efficiency, and extended asset longevity, while minimizing risks and maximizing value throughout its useful life.
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