Photocopiers, furniture, storage systems, computer hardware, recreational gear, safety equipment and toys are examples of assets your organisation might rely on for day-to-day tasks.
- Define which assets should be documented in your organisation’s asset register
- Decide which assets justify a more detailed level of asset management e.g. computer systems
- Communicate a clear, practical management policy/procedure for each key asset
Questions to ask
Some of these may already be covered if you have an asset register in place.
- Where is your asset kept and used?
- How is it protected from damage?
- Are there policies and procedures governing its use?
- How is the asset to be maintained and repaired?
- When and how will it be replaced?
- How and when is it to be disposed of?
Additional questions for key assets
- Do you have contingency plans if something happened to your asset?
- Do you have adequate insurance?
- Do you have enough security in place to protect your asset?
- Have you budgeted for maintenance and replacement?
- Do you need to review your record-keeping procedures for this asset?
- Do you need to review lines of responsibility?