A business may incur expenses that can be allocated as capital or revenue expenditure. Also known as depreciation allowance, capital allowance refers to the money

One or more persons will generally manage facilities and project management. For instance, a facilities manager could exclusively work with different departments of a company

Preventive maintenance refers to a process whereby repairs are carried out on assets before they break down. It is a familiar term in asset-centric industries

Asset maintenance tends to be one of the most daunting tasks in asset-oriented businesses, for dynamic asset behaviours can lead to dynamic asset fates. Thus,

Common terminology that any asset manager would be aware of in this day, and age would be the Industrial Society of Automation (ISA), the Internet

Strategic Asset Management is a recognised and standardised mode of managing, operating and maintaining assets for the long term. To ensure each asset is managed