Contents of Part 2
Out of intense complexities
intense simplicities emerge.
Winston Churchill
Technology is advancing rapidly and social changes are
diversifying community needs.
Demands for new or improved assets are mounting, while the capital
funds available to acquire them are limited. Pressures to conserve
finite resources and improve the quality of life continue, together
with a sharpening focus on commercial principles in the operations
of the public sector.
Management of public assets requires a comprehensive approach.
A diversity of processes and activities is involved, as is the
consideration of a number of strategic, operational and financial
issues.
This section has been designed to help the reader to see asset
management in context and to understand some of its fundamental
concepts.