To maximize the return on investment, it is important that organizations keep track of their assets. Asset management allows them to do this by keeping track of all their assets, where they are located, how they are used, and when changes were made to them. The data from the asset management solution can ensure that asset recovery will lead to better returns.

The goal of asset management is to maximize / optimize the value of an investment portfolio over time while maintaining an acceptable level of risk.

Aligning management of infrastructure with strategic policies and direction will support the long-term success of the project’s mission, goals, and objectives. More structured attention to system assets and their condition means that unexpected failures are less likely, thus minimizing additional costs. Assessing the risk implications of asset failure helps focus resources on critical priorities and reduces overall risk to the utility.