Asset Management- How Can a Professional Consultancy HK help?

There is no business without an asset, although assets may vary from business to business. But then, it is asset management that is crucial for any entrepreneur. A good asset management HKcan optimize the operational performance, minimize costs, and support an organization’s corporate goals. In fact, active management of assets is essential for the efficient and sustainable operation of any organization. Every asset needs to be managed and maintained to ensure that it continues to function in the most productive way.

Many a times, an organization doesn’t have the time to calculate its assets or doesn’t realize the importance of doing so. But then, it is very important to realize that developing a list of assets is highly...highly recommended. In fact, a physical asset hierarchy list should be established; Also, it should be clarified how each asset is contributing to the organizational strategic plan. This would enable the organization to evaluate and record any changes that are made to the asset in future times.

The over- maintenance and under-maintenance of physical assets is another critical issue that needs to be addressed to. A proper approach is to identify the most critical assets, and then, furthermore, determine the optimum maintenance requirements of the assets.

There are quite a few professional services in Hong Kong which offer effective asset management services to businesses of nearly all genres. Such a consultancy assures the client of providing a management strategy that will not only manage the operation and maintenance of an organization’s assets, but also manage the risks involved.

There are basically four phases of an asset’s life, from planning and acquisition through to maintenance and disposal. A good asset management strategy caters to all phases of an asset’s life, thereby, delivering significant financial and performance/service improvements to an organization. Such services provide comprehensive, focused and result-oriented asset oversight that translates into quantifiable value to an organization. This is mainly done in three steps:

1. The first step comprises of an initial evaluation of the present situation so as to gain knowledge of the operation and its strength and weaknesses;

2. After gathering information in the first step, a recommended strategic plan of action and scope of work are developed that prioritize the area of focus;

3. Once the strategy has been formulated and implemented, the progress is closely monitored, along with the reporting of ongoing activities, in the form of written reports, or verbal communication.

By seeking assistance from a professional consultancy in HK, an organization can attain some of the most effective and feasible asset management strategies for its business, by and large...

If you want to get a startup or a well-established corporate registered here, then you must have countless questions in mind. This section explains a few of the commonly asked questions related to companies registry in Hong Kong.