Public Asset Management

Public Asset Management involves planning, maintaining, and utilizing government-owned resources—such as buildings, roads, vehicles, and equipment—to serve the community effectively. It aims to ensure assets are used efficiently, preserved properly, and provide long-term value. This process includes tracking asset conditions, budgeting for repairs or replacements, and making strategic decisions to support public services without unnecessary costs. By managing assets well, governments can deliver better services, extend asset lifespan, and optimize public funds, ultimately improving community well-being and economic stability.