What does ASSET MANAGEMENT stand for?
What does ASSET MANAGEMENT mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: ASSET MANAGEMENT.
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What does ASSET MANAGEMENT mean?
- Asset management
- Asset management within the context of social housing in the UK is a relatively new specialism. It pertains to the function within a Housing Association, Arms Length Management Organisation or Local Authority housing department that is responsible for the long term management of social housing stock. The aim of social housing is to provide housing that is affordable to people or tenants on low incomes. Asset management is a strategic planning tool driven by stock condition data to forecast future costs of maintaining housing stock. Often this includes the management of asbestos data. There are two systems that play a vital role in the management of your housing stock. These are your housing management and asset management systems. 1) Housing Management; an operational management tool that deals with rent collection, allocations, estates, repairs, tenant enquiries and contractors and is generally the core system used by a social landlord. 2) Asset Management; a strategic planning tool driven by stock condition data to forecast future costs of maintaining housing stock. Often this includes the management of asbestos data. This includes projecting future costs to maintain housing stock at the required standard, managing programmes of capital investment and undertaking stock options appraisals. Social landlords are also required to produce Energy Performance Certificates. Link to Guidance for Social Landlords