Creating an Easy-to-Understand Assets Management Policy: What Should Be Included?

Dear All,

I am preparing an Assets Management Policy for my organization. Could you please help me? What should be included in the policy that anyone can understand? Alternatively, if you have a policy, could you share it?

I am looking forward to your favorable reply.

Kamlesh

Dear Kamlesh,

Asset Management Policy Overview

Roughly, the policy on Asset Management could contain the following points:

- **Classification of assets**
- **Depreciation policy**
- **Policy on replacement** (use examples of the Theory of Replacement as taught in Operations Research)
- **How to maintain the Asset Register**
- **Responsibility for checking the Asset Register and periodicity**
- **Budgeting based on replacement**

Ok...

Regards,
Dinesh V Divekar
Management & Behavioral Training Consultant