asset management frameworks

Asset management frameworks are structured approaches that organizations use to efficiently manage their physical and intangible assets—like equipment, property, or data—throughout their lifecycle. They involve setting policies, defining processes, and using tools to plan, acquire, operate, maintain, and dispose of assets. The goal is to maximize value, minimize costs, and reduce risks over time. Think of it as a strategic plan that ensures assets are used optimally to support the organization’s objectives, improve decision-making, and ensure sustainability.