Assets are the individual items, usually tangible but sometimes intangible, managed by an organisation. Usually owned, they can also be managed on behalf of some other organisation.
Setting up the Asset Register properly is a critical success factor for managing every kind of Asset. It is dependent upon the Knowledge Base, which contains all of the standard data definitions, to support the Asset Register:
•Asset Types and Attribute Sets
•System wide Asset Attribute Sets
•Standard Inspections and Attribute Sets
•Standard Defects and Attribute Sets
•Standard Actions and Attribute Sets
•System Lists
•User Lists