Chapter Name: Identify and Evaluate Alternatives for Managing Physical Assets
Description:Covers inventory, facilities, and equipment management strategies.
Purpuse:Optimize asset utilization and cost-effectiveness.
Rational:Efficient asset management reduces waste and improves ROI.
Chapter Assessment
Scope of Practical Skill
Key Requirement 1: Analyse the specific situation
Assess the management of physical assets (e.g., inventory, facilities).
Key Requirement 2: Identify the appropriate processes that must be used
Identify processes for optimizing asset management.
Key Requirement 3: Apply the processes and package the findings and
Apply asset management solutions and document findings.
Key Requirement 4: Follow implementation steps and review for improvement
Review the effectiveness of applied asset management solutions.