Those in charge of effectively overseeing and managing public sector assets will find this content particularly useful.
In asset management, the management or process of governance is applied throughout an organization’s whole life cycle, not just the current phase. People in this category include pension fund or retirement fund investment managers. As well as tangible assets, asset management also includes intangible assets.
Why is asset management important?
The Asset management Module/Software for public works isn’t different. A unified approach to cost, risk, sustainability, and even performance optimization is being applied in the public sector as well as the commercial world with asset management.
Public asset management can also be referred to as corporate asset management or private asset management. The rights of users are governed by licence agreements for many assets used by both companies and customers. The asset management system would tell if there were any licence restrictions, such as a time limit.
Managing software asset management processes flow cost-effectively while taking into consideration risks and expenses and their performance characteristics is what this read is all about, and it also puts light on how the public sector can benefit from it.
Make your money go further with smart spending when you use MIRAT asset management procedures. As a result, our clients stretch their limited funds by providing equipment that lasts for a longer period.
Reduced expenses – is for sure! Maintaining infrastructure and focusing on minimizing life cycle costs through asset management has considerably reduced operational and maintenance costs and long-term capital costs. When taking a life cycle strategy, the utility always gets the greatest bang for its buck.
Using public sector asset management software, it is also possible to examine and estimate asset service levels, costs, and even failure forecasts. Capital works projects and the public sector might determine long-term commercial work plans.
So are asset lifecycle management best practices an alternative for public sector companies looking to improve efficiency and quality. First, you need the MIRAT asset management business process so that audits don’t sneak up on you again. Our government asset management software creates a mobile dashboard that is easy to use and shared with others.
Structured asset management strategies provide a number of advantages for organizations, including the following :
This is a smart move on the part of the company. The asset management reconciliation process leads to better decisions. In addition, infrastructure management will help the utility’s mission goals and objectives be more successful in the long run. Move your assets to the clouds! Stop squandering time sifting through asset records stored in virtual or physical files.
It’s now easier to stay in compliance with regulations. For wastewater utilities, in particular, the future CMOM standards will enterprise greater asset management. Asset management includes things like implementing better O&M practices, which can boost compliance significantly.
In the cloud, you may easily access all of your receipts, warranty and guarantee information, and images.
The system’s dependability has increased. As a result of more methodical daily attention to system assets and their status, unexpected breakdowns are less likely, resulting in fewer emergency repairs, expensive lawsuits and customer relations concerns. If an asset fails, the utility can focus resources on other important goals while also reducing overall risk by assessing the risk implications.
Want to think about eligibility for federal assistance? As a result of the evident need for increased infrastructure spending and concerns about how well the industry manages its infrastructure, certain criteria for “asset management plans” have been included in the proposed funding law.
How can MIRAT asset management lifecycle phases help? Is there an asset management process template that you can follow? Take the 14-day demo trial version today!
With the MIRAT asset management module, everything is in your possession. Everything is conveniently located in one place. Compliance with rules and asset audits are made easier with a single system of records.
It is critical to maintaining the system’s integrity throughout time. Because of problems in many American cities and towns where enough infrastructure reinvestment has not been made, the concept of “sustainable infrastructure” is becoming more popular. In order to help maintain infrastructure, policymakers can link costs to asset quality and perform long-term planning for each asset. This gives them the information they need.
We help you keep track of everything from laptops to vehicles and everything in between, so you can get repairs done faster, and your equipment lasts longer.
In order to make the audit process less traumatic, we assist you in streamlining it.
MIRAT can help Improve the management of facilities
To assist your government personnel, you can easily track the status of your assets by facility using Asset Tracker.
MIRAT can help make tracking IT assets easier
Put all your technology lifecycle information in one place so you can solve computing demands on the fly.
MIRAT has been proven to reduce 80% of your operational expenses, 20% of outage costs and increase team productivity by 60% and efficiencies by 30%. You can now get your ROI in just 6 months! So what are you waiting for? You have to try us out first even to expect something better might come along! Leave us a message over email at firstname.lastname@example.org or give us a call at +91-9550827711.