Design And Implementation Of Assets Management System
Abstract
Asset management is crucial in order for it to realize its goals and objectives. There are challenges facing many company such as uncoordinated asset declaration processes that lead to duplication of records and data redundancy, delays in serving the company, too much paper work that consumes a lot of space, poor decision making on restocking assets declared, and inability to track assets already declared. The goal of this study is to address the above problems by designing and implementing a prototype Asset management system capable of asset registration, track asset declared, and asset stock control.
There is a need to computerize the asset declaration processes for companies in order to minimize corruption to the lowest level, realize that companies meet with their goals, control and monitor assets, keep track of assets holders and their assets.
The research achieved almost all the objectives set and the prototype designed could further be developed into a full working system that could be used by the company or any other business in their asset management. The strengths, weaknesses, opportunities and threats identified in this study could also be used to build on the company’s competence, boost its presence in the market, attract more customers, and thus realize the company goals and objectives.
Aims and Objectives
The aim of the study is to develop an asset management system. The objectives of the study are:
- To create a database application that can be used to keep record of assets information.
- To design a system that can be used to update information pertaining to any asset that has been registered.
- To capture relevant information that will help in monitoring the condition of assets.
Chapter One
1.0 INTRODUCTION:
This chapter introduces the Design And Implementation Of Assets Management System and its relevance, states the research problems, research questions, and objectives, provides a background of the study, and should also include the research hypothesis [INTRO45535]…
Chapter Two: Literature Review
LITERATURE REVIEW
2.1 Asset
Asset can be defined as anything which has value to an enterprise [8]. It can be furniture, documentation, hardware, software etc.
2.2 Asset Classification
Assets can be distinguished in two ways. First one is Primary Assets and a second one is Supporting Assets.
Primary assets are the assets that are imported first. It acts as the default scope to import other assets. Primary assets can be classified into business process and information . Business process basically means the core processes of the organization. If the processes modified, then it will greatly affect the goal of the organization. A business process may be classified as: