Introduction to Property Management System Implementation for a Organization Project:

This paper discussed about the how to manage the property in an organization and discussed about the importance of Property management system. Locating, tracking and controlling fixed assets can be called as Property Management. Solid Benefits can be obtained by an organization with the help of effective Controlling and Tracking of Property.


When there is a tracking of fixed assets then can obtain benefits with the proper utilization of those fixed assets.  Property Managements includes few tasks like controlling the property, accounting the fixed asset, managing the maintenance, control the inventory, security control, Warranty control, Calibration system control, billing and invoicing and tool control. A Property Management Program helps in accurate accounting and efficient compilation.  Ultimately, the success of a Property Management Program depends on the support of top management and the commitment of an entire organization. 

Across a wide range of organizational activities and concerns, using Property identification Program yields effective and numerous benefits. For implementing an effective tracking and controlling program there is a need to gather inputs from the employees during planning of the program and whose support is needed for implementing and perpetuating the program.  

NPMA and ASTM organizations can assist the organization employees in implementing property management Program. Need to determine what property information records are needed and also determine what are the rules and regulations that applies to that organization.  Determine the number of assets to be located recorded and estimate the cost for identification and protection of those assets from unauthorized usage. 

There is a need to define which software should use for organization property identification. Should prepare a detailed written copy about the assets and must make it as a part of company’s policy.  A Property Management program with procedures documents will help the organization to meet ISO standards.  Each asset should be recorded in a detailed manner with necessary details like when the assets is purchased , from where it is purchased,  current cost and asset benefits.

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