It is generally understood within the asset management industry that asset ownership represents 70 to 80 percent of the total cost of an asset over its intended life. In other words, the cost of ...

Located near Fort Saskatchewan, Alberta, Canada, the Shell Scotford Upgrader facility has refining capacity of 255,000 bpd. This includes the 2011 commissioning of a 100,000 bpd expansion. Because of ...

Fixed assets sometimes represent the largest single investments for a business, so every business owner should take the time to develop fixed asset policies and procedures. Fixed asset policies should ...

Today it’s very likely that you and your other business and IT leaders regularly talk about information as one of your most valuable assets. But do you value or manage information like one? Consider ...

This guidance document formalizes the VPCIO Equipment Management Lifecycle and Disposition procedures. The lifecycle and disposition procedures ensure that equipment is accounted for and tracked while ...

Any business that uses assets should hold a regular asset inventory audit in order to track important data like the number, condition, and location of all assets. The audit is a cost-effective method ...

Asset information handover is the process of gaining the information and data required to appropriately manage and maintain constructed assets (the built environment) throughout the intended useful ...