Asset Register is a structured list of all assets /equipment in a plant. It facilitates recording additions, disposals, revaluations, impairments, conducting an audit of assets and asset verification, estimating the repairs and maintenance cost, estimating the future capital investment, etc… A fixed asset register also provides a single view to quickly learn about any asset owned by the business.
A plant asset / equipment register should include:
The first step of Enventure’ s asset management services is building an asset register. The initial asset register is created using P&ID drawings, equipment manuals, and other related technical documents. Enventure will conduct a plant walk down to collect the details of the assets on the ground and update/modify the asset register and build an accurate asset register with all relevant information.