Enterprise Asset Management - Public Asset Management

Public Asset Management

Public asset management expands the definition of Enterprise Asset Management (EAM) by incorporating the management of all things which are of value to a municipal jurisdiction and its citizens' expectations.

An EAM requires an asset registry (inventory of assets and their attributes) combined with a computerized maintenance management system. All public assets are interconnected and share proximity, and this connectivity is possible through the use of GIS.

GIS-centric public asset management standardizes data and allows interoperability, providing users the capability to reuse, coordinate, and share information in an efficient and effective manner by making the GIS geo-database the asset registry. A GIS-centric public asset management which standardizes data and allows interoperability, providing users the capability to reuse, coordinate, and share information in an efficient and effective manner.

In the United States the defacto GIS standard is the Esri GIS for utilities and municipalities. An Esri GIS platform combined with the overall public asset management umbrella of both physical “hard” assets and “soft” assets helps remove the traditional silos of structured municipal functions. While the hard assets are the typical physical assets or infrastructure assets, the soft assets of a municipality includes permits, license, code enforcement, right-of-ways and other land-focused work activities.

This definition of “public asset management” was coined and defined by Brian L. Haslam, President and CEO of a leading international GIS-centric Computerized Maintenance Management System (CMMS) company which software is certified by the National Association of GIS-Centric Solutions (NAGCS). GIS-centric public asset management is a system design approach for managing public assets that leverages the investment local governments continue to make in GIS and provides a common framework for sharing useful data from disparate systems. Permits, licenses, code enforcement, right-of-way, and other land-focused work activities are examples of land-focused public assets managed by local government. These public assets occupy location just as in-the-ground or above-ground public assets do.

Land-use development and planning is another area which is interconnected to other local government assets and work activities. Public Asset Management is the term that encompasses this subset of land-focused asset management, considering the importance that public assets affect other public assets and work activities and are important sources of revenue and are various points of citizen interaction.

Read more about this topic:  Enterprise Asset Management

Other articles related to "public asset management, asset management, management, asset, assets, public assets":

Public Asset Management or Corporate Asset Management (CAM)
... Public asset management (also referred to as corporate asset management) expands the definition of enterprise asset management (EAM) by incorporating the management of all things of value to ... An EAM requires an asset registry (inventory of assets and their attributes) combined with a computerized maintenance management system (CMMS) ... All public assets are interconnected and share proximity, and this connectivity is possible through the use of GIS ...

Famous quotes containing the words management, public and/or asset:

    The Management Area of Cherokee
    National Forest, interested in fish,
    Has mapped Tellico and Bald Rivers
    And North River, with the tributaries
    Brookshire Branch and Sugar Cove Creed:
    A fishy map for facile fishery....
    Allen Tate (1899–1979)

    Nothing is so foolish, they say, as for a man to stand for office and woo the crowd to win its vote, buy its support with presents, court the applause of all those fools and feel self-satisfied when they cry their approval, and then in his hour of triumph to be carried round like an effigy for the public to stare at, and end up cast in bronze to stand in the market place.
    Desiderius Erasmus (c. 1466–1536)

    Imagination is a valuable asset in business and she has a sister, Understanding, who also serves. Together they make a splendid team and business problems dissolve and the impossible is accomplished by their ministrations.... Imagination concerning the world’s wants and the individual’s needs should be the Alpha and Omega of self-education.
    Alice Foote MacDougall (1867–1945)