Asset Management System

The term Asset Management System (AMS) has two main meanings in the local government context.

1. Software - an asset information management system designed to help an organisation manage its assets.
2. A management system for asset management whose function is to establish the asset management policy and asset management objectives.

The first meaning has been used for some time. The second meaning was introduced by ISO 55000, and is roughly equivalent in meaning to Asset Management Framework.

An Asset Management Information System or Asset Information Management System (Software) System typically contains a range of modules and/or functionality, including;

• An Asset Register
• Asset Valuation & Depreciation capabilities
• Maintenance Scheduling
• Renewal Planning

See the Asset Management System Functional Specification page for a far more detailed list of AMS functionality.

Related Pages

• Asset Management System
• Asset Inventory
• Asset Register

External Links & References

1. Google Search