Chapter Review
Key Takeaways
- Asset management creates value within government spending, including investment planning, investments in property and necessary assets.
- The asset management process must follow the principles of public sector capital procurement.
- Strengthening the process of asset management is a crucial part of managing government spending.
- Governments establish systems for assessing their assets and planning capital investment needs.
Explore and Engage
Discussion Questions
- How does asset management impact the public sector?
- Why is planning an important step in asset management?
- How are capital procurement opportunities tendered in the public sector?
- Capital asset frameworks provide support with decision-making. How does this help proper asset management?
