In other words, asset management practices have typically provided a great deal of information about assets and asset performance. Asset management's traditional focus has been about gathering asset information, such as asset location, asset configuration, maintenance activities, production throughput, and so on. Asset Management can significantly impact an organization's bottom line by reducing maintenance costs, increasing the economic life of capital equipment, reducing company liability, increasing the reliability of systems and components, and reducing the number of systems and components." In actual practice, though, asset management has been more about keeping track of data about assets from a transactional perspective. The official program description states ". The University of Toronto's Professional Development Centre offers a Management Certificate Program in Asset Management. By managing assets across the facility, organizations can improve utilization and performance, reduce capital costs, reduce asset-related operating costs, extend asset life and subsequently improve ROA (return on assets)". optimal management of the physical assets of an organization to maximize value. Wikipedia considers asset management to be: ".
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