Purpose:
1) Asset management is a systematic process of deploying, operating, maintaining, upgrading, and disposing of assets effectively. The purpose of this procedure is to define and document all the activities involved in managing assets at AAB.
2) The procedure is to provide a structured and planned approach to:
3) Forecast and streamline the process for the procurement of assets.
4) Ensure that all assets are accounted for and physically protected.
5) Identify assets that are critical in providing service capability and take steps to maximize their reliability and availability to support business needs.
6) Ensure the data contained in the assets are protected from violations of confidentiality, integrity and availability.
7) Manage the lifecycle of assets from the point of creation/acquisition to disposal.