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CHAPTER ONE
INTRODUCTION
1.0
Introduction
This chapter presents the introduction
to asset information system for construction company. It presents the
introduction, theoretical background, statement of the problem, aim and
objectives of the study, significance of the study, scope of the study,
organization of the research, definition of terms.
Asset information management is a
mind-set which sees physical assets not as inanimate and unchanging lumps of
metal / plastic / concrete, but as objects and systems which respond to their
environment, change and normally deteriorate with use, and progressively grow
old then fail / stop working. It is a recognition of the fact that assets have
a life cycle and it is as important for those working in finance as it is for
engineers. It is an approach that looks to get the best out of the assets for
the benefit of the organization and/or its stakeholders. Also, it is about
understanding and managing the risk associated with owning assets. One of the
challenges with managing an asset is that it is not sentient. It does not keep
management edicts. It does not respond to the economy or politics. But it does
respond to how it is treated and used. This creates a challenge for management.
How do you get the right behaviour from an entity that won’t listen?
1.1
Theoretical Background
In the past agencies were able to
manage their assets with modest levels of information that was centrally
recorded and historic costs were recorded only for accounting purposes. Local
asset managers were familiar with each of their assets and less pressured to
ensure their cost effectiveness. The environment in which public assets operate
has changed and consequently the information necessary for agencies to manage
their assets has also changed. The increased demands for government services
without a similar increase in government resources have led to a focus on
service, and whole of life asset management approach. Consequently, the need
for asset information has increased significantly. Total Asset Management (TAM)
uses asset registers to provide an invaluable source of information of the
agency’s asset usage and on-going capacity as an efficient and effective
service provider. Asset registers also provide the information base for further
management improvement techniques such as benchmarking. The asset register
should be seen as the core of an agency’s information management system. The
potential to integrate all the different functional registers and plans to
create more efficient information linkages is growing as technology advances.
Developing and improving asset registers is a key element of the Total Asset
Management process.
1.2
Statement of the Problem
The following problems were
identified:
- Inability
to manage the life cycle information of assets.
- Lack
of efficient recording system for asset information.
- Accumulation
of paper files pertaining to assets.
- Inability
to obtain reports pertaining to assets.
1.3 Aim and
Objectives of the Study
The aim of the study is to design and
implement an asset information system for construction company. The objectives
of the study are:
- To
design a computerized system to take care of assets information.
- To
design a system that will aid storing of captured asset information to
database.
- To
design a system that will enable management of Seyang Construction company
to get reports of information pertaining to registered assets.
1.4
Significance of the Study
The significance of the study is that
it will provide a system that will enable the management of Seyang construction
company to better manage their asset information. To develop a system that will
facilitate the presentation of reports of registered assets. The study will
also serve as a useful reference material for other researchers seeking
information on the subject.
1.5 Scope of
the Study
This study covers the design and
implementation of Asset information system for construction company using
Seyang construction company, Ikot Ekpene as a case study.
1.6
Organization of the Research
This research work is organized into
five chapters. Chapter one is concerned with the introduction of the research
study and it presents the preliminaries, theoretical background, statement of
the problem, aim and objectives of the study, significance of the study, scope
of the study, organization of the research and definition of terms.
Chapter two focuses on the literature
review, the contributions of other scholars on the subject matter is discussed.
Chapter three is concerned with the
system analysis and design. It analyzes the present system to identify the
problems and provides information on the advantages and disadvantages of the
proposed system. The system design is also presented in this chapter.
Chapter four presents the system
implementation and documentation. The choice of programming language, analysis
of modules, choice of programming language and system requirements for
implementation.
Chapter five focuses on the summary,
conclusion and recommendations are provided in this chapter based on the study
carried out.
1.7
Definition of Terms
Asset(s): plant, machinery, property,
buildings, vehicles and other items that have a distinct value to the organization
Asset
management: systematic
and coordinated activities and practices through which an organization
optimally and sustainably manages its assets and asset systems, their
associated performance, risks and expenditures over their life cycles for the
purpose of achieving its organizational strategic plan
Asset
management information: meaningful
data relating to assets and asset management.
DESIGN AND IMPLEMENTATION OF ASSET INFORMATION SYSTEM FOR CONSTRUCTION COMPANY
Chapters: 1 - 5
Number of Pages: 70
Price: 3000 NGN
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