ABC ITAM – 02 Who We Are – Stephen O´Reilly (ITBoP)
Internet Technology Asset Management
Asset management refers to systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets and to intangible assets.
Asset management refers to systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings or equipment) and to intangible assets (such as human capital, intellectual property, goodwill or financial assets). Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner (including all costs, risks and performance attributes).
The term is commonly used in the financial sector to describe people and companies who manage investments on behalf of others. Those include, for example, investment managers that manage the assets of a pension fund.
It is also increasingly used in both the business world and public infrastructure sectors to ensure a coordinated approach to the optimization of costs, risks, service/performance and sustainability.
The International Standard, ISO 55000, provides an introduction and requirements specification for a management system for asset management. (WIKI)
Financial asset management
The most common usage of the term “asset manager” refers to investment management, the sector of the financial services industry that manages investment funds and segregated client accounts. Asset management is part of a financial company which employs experts who manage money and handle the investments of clients.
Physical and Infrastructure AM
Infrastructure asset management is the combination of management, financial, economic, engineering, and other practices applied to physical assets with the objective of providing the best value level of service for the costs involved.
Enterprise asset management
Public asset management
Public asset management expands the definition of enterprise asset management (EAM) by incorporating the management of all things of value to a municipal jurisdiction and its citizens’ expectations. An example in which public asset management is used is land-use development and planning.
Intellectual and non-physical asset management
Increasingly both consumers and organizations use assets, e.g. software, music, books, etc. where the user’s rights are constrained by a license agreement.
An asset management system would identify the constraints upon such licenses, e.g. a time period. If, for example, one licenses software, often the license is for a given period of time. Adobe and Microsoft both offer time-based software licenses. In both the corporate and consumer worlds, there is a distinction between software ownership and the updating of software. One may own a version of the software, but not newer versions of the software. Cellular phones are often not updated by vendors, in an attempt to force a purchase of newer hardware. Large companies such as Oracle, that license software to clients distinguish between the right to use and the right to receive maintenance/support.
Types of Asset Management
Enterprise Asset Management
Enterprise Asset Management (EAM) involves the management of the maintenance of physical assets of an organization throughout each asset’s lifecycle. EAM is used to plan, optimize, execute, and track the needed maintenance activities with the associated priorities, skills, materials, tools, and information.
Software Asset Management
Software Asset Management (SAM) is a business practice that involves managing and optimizing the purchase, deployment, maintenance, utilization, and disposal of software applications within an organization.
Hardware Asset Management
Hardware Asset Management (HAM) is the management of physical components (desktops, laptops) and computer networks from the procurement stage to the retirement of the asset.
Public Asset Management
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iTAM Manager and Process Lead. Leading efforts to mature the Software licensing position of one of the largest privately owned multinational corporation. Support the businesses before and during Audits and implementing controls to improve Audit readiness.
Raymond M. Andrews
Raymond Andrews has a strong background in organizational policy and IT Technical Support. Ray´s current task include the creation of the web-portal and uploading content, and IT modules.
. Design, refine and improve SAM and iTAM processes. Project manage and drive different optimization initiatives.
Usha Subba provided updated ITAM information from around the world regarding the categories of; Advocacy, Education, Corporate, Standard, and ITAM.
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