Assignment on Process and Sub process in tangible assets management

Introduction of Process and Sub process in tangible assets management

The asset management which is getting the best value in the assets. And it is also holds the assets in fields where the assets management term is coined. The assets management is the instrument which is lubricating, aligning, balancing and cleaning among the various extremes which have the different hybrid of forms. Managing assets for the roads, energy, water infrastructures as well as telecom in the different aspects which is same and it also managing the production plant. There is no feasible option which sells the assets and all these options also expand the base of assets which upgrade the existing assets (Herder et al , 2012)

Literature review of Process and Sub process in tangible assets management

According to the author Rosemann et al(2014), it is conduted that , the business process has the six core elements . This paper explores IT project selection techniques used by various organizations depending on a number of factors which they deem important. IT projects are very important to an organization for building a reputable portfolio. The techniques used to select an optimal project can basically be characterized into two main categories which can further be categorized into multiple sub-categories. These are monetary techniques and non-monetary techniques. Different metrics can be used to gauge the monetary benefit of a project and they can vary from organization to organization. An example of this could be cost/benefit ratio. Non-monetary techniques include using your personal network and evaluating the projects based on non-monetary metrics which can be: value addition, project execution etc. Project execution also plays a vital role in project selection, a company always analyses if they have the necessary skillset to execute a project or not. In the end, it all comes down to the personal preferences one has (Rosemann et al, 2014).

According to the author Trkman, et al  (2010) it is conducted that, this article evaluates the success of project due to the impact of the benefits management and the project managements. For the success of the project, the benefits management and the project management are the successful approaches. Author utilized different formats for information communication to make effective decision making and management. Whereas the demands of the project the overall control and organized form of your project in the course of managing it efficiently and properly. (Frolov, et al , 2010)Believed on the, the main purpose of the project management is to increase the organizational values. By increasing the effectiveness of human effort the framework of the project management increase the efficiency of the organization. An aforementioned thing highlights that comprehensive integration to all the controlling elements and further domains assist and support your project's accomplishments (Trkman, et al , 2010).

According to author Komonen et al (2011), Project management is the key factor in determining the success of a project. The success of a project can be measured in term of how much cost occurred, were deadlines met and project operability. Minuscule changes in project management techniques can have vast impact on the outcome and success of a project. There are many factors which can enhance project management benefits. Having mutually independent teams can decrease the duration of a project, also giving incentives to the team and manager give them an extra push for delivering their best? Project managers need to prioritize their task clearly. The communication between team is a very crucial factor for the success of the project. Office design is also a must for managing project (Komonen et al , 2011).

Business process of Process and Sub process in tangible assets management
Now according to the requirements there are the different business process in the equipment and infrastructure of tangible asset management involving the IT.

·         Capacity management process

·         Options Evaluation process

·         Procurement & Delivery Process

·         Maintenance Management Process

·         Asset Information Management Process

Now in the final report first of all explore the importance of the above business process in tangible asset management and also provide the example of each process. Then elaborate the propos of each purpose and it also include the activities and steps in each process which draw the model diagram, and determine the stakeholder in the execution of process. Therefore also elaborate the improvement of this process in the tangible asset management by use of automation technology (Too, et al , 2010).

Conclusion of Process and Sub process in tangible assets management

Summing up all the discussion it is conclude that, the report is about the business process of the tangible asset management. In this report study of the different authors are also elaborated. Then there is different business process which is used in the tangible asset managements.