An organisation’s asset register forms the foundation of its asset management activities. The asset register needs to be accurate and integrated into the organisation’s other asset management and financial systems. Accurate, reliable asset data enables effective asset decision-making, yet many companies are thwarted by having complex or impractical asset data structures resulting in inaccurate asset data. Once the asset data has been collected and the asset register has been created, the challenge faced by asset owners is one of keeping the asset register up to date. Without a structured process and the correct tools, this can become an almost insurmountable task.
This white paper aims to emphasise some Pragma best practices around the establishment and maintenance of an accurate asset register.