ASSET PORTFOLIO MANAGEMENT

Like Product Portfolio Management, Asset Portfolio Management (APM) focuses on managing an enterprise's complete portfolio of Assets. According to major research organizations such as Forrester and Gartner, IT management will increasingly turn to Portfolio Management solutions to stem the flow of money into non-core business functions, such as engineering and maintenance of hardware and software that adds no direct value to revenue channels. APM builds an Asset knowledge base that serves as the sole source of Asset truth across the enterprise. This knowledge base is used as an enterprise vehicle to collect and manage key Asset metrics to help govern and manage Asset activity. Many APM practitioners report 10% to 50% reductions in maintenance costs and returns on project investments in less than a year. Beyond the inherent need in virtually every large enterprise to streamline and reduce maintenance costs, the major drivers accelerating APM adoption include:

• The need for Asset knowledge to respond to regulatory mandates for data privacy, such as the Sarbanes-Oxley Act and the Health Insurance Portability and Accountability Act;
• Pre-contract negotiation and post-outsource monitoring; and
• APM's eventual melding with other portfolio management disciplines, such as Project Portfolio Management, Risk Portfolio Management, Service Portfolio Management, and much, much more.

KnowIT for Asset Portfolio Management

The KnowIT platform is ready to act as your Asset Inventory solution. It's Asset Management module allows enterprises to catalog and track each and every Asset in their organization. With the KnowIT platform, enterprises can now:

• Track critical Asset characteristics, such as severities, allowing your enterprise to easily understand what Assets are most important to your enterprise and its stakeholders, world-wide
• Manage and publish Asset related information that can be shared throughout the enterprise, allowing stakeholders, world-wide to easily see and understand the intent for each Asset
• Track and manage Product dependencies, between Products to other Products, Assets, Resources, Organizations, Locations, Projects, Documentation, and much, much, more
• Track and manage Asset lifecycles and their related states
• Easily create and publish reports that help dimensionalize your Asset portfolio according to what is important to its stakeholders
• Easily chart and graph characteristics of your Asset portfolio, without leaving the platform
• See elaborate visualizations that highlight dependencies that are critical for managing your portfolio
• Track and manage your Asset costs by understanding costs of the Assets, themselves, and associated dependencies that are typically hidden from conventional management practices

With KnowIT, you and your enterprise can now see what it owns, world-wide, and can easily access and manage critical information that helps manage its costs, productivity, quality, and ultimately its revenue.

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