22-12-2012, 01:40 PM
A Project On Asset Management System
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Introduction Of Asset Management System
Asset management, broadly defined, refers to any system that monitors and maintains things of value to an entity or group. It may apply to both tangible assets such as buildings and to intangible concepts such as intellectual property and goodwill. Asset management is a systematic process of operating, maintaining, upgrading, and disposing of assets cost-effectively, (American Associate of State Highway and Transportation Officials). Alternative views of asset management in the engineering environment are: The practice of managing assets to achieve the greatest return (particularly useful for productive assets such as plant and equipment), and the process of monitoring and maintaining facilities systems, with the objective of providing the best possible service to users (appropriate for public infrastructure assets). Most active money managers produce worse returns than an index, such as the Standard & Poor's
Definition of Asset Management
1. The management of a client's investments by a financial services company, usually an investment bank. The company will invest on behalf of its clients and give them access to a wide range of traditional and alternative product offerings that would not be to the average investor.
2. . An account at a financial institution that includes checking services, credit cards, debit cards, margin loans, the automatic sweep of cash balances into a money market fund, as well as brokerage services.
Also known as an "asset management account" or a "central asset account".
Objective Of Asset Management System
The main purpose of an asset management program is to clarify how a given standard of service will be provided using designated assets in a manner that is both optimal and justifiable. The term "optimal" attempts to describe a scenario where a superior standard of service can be best achieved at a minimal overall cost. Justifiability, on the other hand, has to do with a full presentation of all the costs and benefits for scrutiny purposes so as to gauge the activity's effectiveness and efficiency.
Scope of Asset Management System
Financial and accounting reporting standards distinguish between tangible and intangible assets. Tangible assets are plant property and equipment ranging from information technology hardware to roading and health infrastructure assets, to housing stock, specialist buildings, vehicles and weapons systems. Intangible assets include such items as information technology software, websites, intellectual property or fishing quota. In this context, asset management covers the management of processes and performance relating to plant property and equipment as well as computer software.
Existing System
In the Existing System the Asset Management Process is carried out manually. In this System the transactions related to Goods In, Good Out and returns are maintained manually in a Register. The Records and Reports were generated in Registers.
Limitations of the Existing System
1. Asset Management process carried out manually.
2. Time Consuming.
3. Loss of Data as Reports and Records generated in Register.
4. Redundancy.
5. Need of more Manpower.
6. Security Problem.
7. Asset not organized in Proper way due to Lack of Proper Management.
8. Cost Effective.
9. Human Error.
FEASABLITY STUDY
Technological feasibility is carried out to determined whether the organization has the capability, in terms of software, hardware, personal expertise to handle the completion of project.
1) Technology:- Visual Basic
2) Database:-Ms Access
Economical Feasibility
The economical feasibility cost/benefit in which benefits are determined which are expected from the candidate system and compare them against cost.