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Asset Management

Topic
Relationship between asset management and housing management
Content
Introduction Asset management and housing management
Relationship between asset management and housing management
Links of asset management and housing management
Current practices in asset management
Suggestion
Conclusion and recommendation
Reference
INTRODUCTION
Relationship between asset management and housing management
Source: Gruis and Nieboer (Ed.), (2000).
Table 1_ Division of housing stock by tenure in various countries. _
Source: Gruis and Nieboer (Ed.), (2000).
Table 2_ Overview of social landlords in various countries_
Source: Gruis and Nieboer (Ed.), (2000).
_Table _3 Landlord’s context, characteristics and asset management approach.
A robust relationship between asset management and housing management could contribute many benefits to the communities which are landlords, organizations, local authorities and tenants. It makes a clear frame work in housing asset management. Moreover, it can enhance the standard of housing stock in present and future. Furthermore, it can show which parts of housing stock should be improve, demolished or dispose.
Links of asset management and housing management
Current practices in asset management
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Figure 1 Value of local authority fix operational asset 31 March 2007
In contrary, there are also weaknesses in current practice of asset management. First, some local authorities do not use assets in appropriate way. Moreover, according study of Communities of Local Government (2008) some authorities are not as advance at strategic asset management as others. There are three reasons for this issue which are lack of corporate culture in authority, minimal buy-in to the importance of strategic asset management form senior officials and members; and lack of leadership across the authority. In additional, asset management does not fully join up with wider strategic thinking...