ssbt first project adv dip

ssbt first project adv dip

 

8.specific legislation relevent to the management and maintenance of physical assets

 

Physical Asset Management

By Alison Cole

As the name implies, this branch of asset management focuses on the effective management of the physical assets of a company. Usually, companies have in-house depar                tments taking care of this. Otherwise, professional management teams can help in tracking, analyzing and defining a policy to maintain them.

 

Legal Compliance

-public liability insurance

-product liability insurance

-property and fire insurance

-contents and equipment insurance

-malicious damage and theft insurance

-equipment breakdown insurance

-glass breakage insurance

-income protection insurance

-loss of profit insurance

-workers compensation insurance

 

reference data :

asset man --->  http://home.vicnet.net.au/~assetman/ams/intro.htm

asset mantenance -->http://www.utas.edu.au/ams/documents/policies/Maintenance_Framework_Plan.pdf

physical asset--->

http://www.urbandesigncompendium.org/public/documents/5.1%20Managing%20Physical%20Assets.pdf

 

asset man  it --> http://cmis.sevenoaks.gov.uk/CMISWebPublic/Binary.ashx?Document=3260

transport asset man ---> http://www.fhwa.dot.gov/asset/if08008/amo_02.cfm

 

 

 

 

9.standards environmental and requirements in relation to different  type of physical asset

 

Environmental Considerations

-reducing waste water

-using recycleed water

-reducing power usage

-installing insulation

-using environment friendly material and product

 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        

There are many different types of assets that voluntary and community organisations can acquire:

1. Operational: Property, land or equipment which are utilised to undertake the day-to-day activities of an organisation. Operational assets are also commonly known as physical assets.
   
2. Current: All available organisational resources intended to meet current expenses, running requirements or any other purpose (e.g. grants, income, contracts, stock, human resources, rental income, loan repayments).
   
3. Endowment: Operational, physical or monetary assets which are held in a permanent way to generate income.
   
4. Trust: Assets held in trust which are intended to meet a future need (e.g. advance payment of grants, reserves). This can also include assets held in ‘trust’ on behalf of the community.