Recruiter's Glossary

Examples: Environmental Impact • Life Cycle Cost • Design-Build

Asset Management

Term from Infrastructure Development industry explained for recruiters

Asset Management in infrastructure means keeping track of and taking care of an organization's physical items and equipment. This includes everything from buildings and roads to machinery and computer systems. Think of it like maintaining a house - you need to know what you own, when things need repairs, and how to make them last longer while spending money wisely. People who work in Asset Management help organizations make smart decisions about when to repair, replace, or upgrade their equipment and facilities. They use special software and methods to track everything and plan for future needs.

Examples in Resumes

Developed comprehensive Asset Management plans for city infrastructure worth $50M

Implemented Asset Management software to track and maintain 500+ pieces of equipment

Led Asset Management initiatives reducing maintenance costs by 30%

Created Infrastructure Asset Management strategies for transportation systems

Typical job title: "Asset Managers"

Also try searching for:

Asset Management Specialist Infrastructure Asset Manager Facilities Manager Asset Management Coordinator Plant Asset Manager Equipment Manager Infrastructure Maintenance Manager

Where to Find Asset Managers

Professional Organizations

Online Communities

• LinkedIn Asset Management Groups
• Reddit r/assetmanagement

Job Boards

Example Interview Questions

Senior Level Questions

Q: How would you develop a long-term asset management strategy for a large organization?

Expected Answer: Look for answers that show experience in creating comprehensive plans considering budget constraints, maintenance schedules, risk management, and long-term organizational goals. They should mention stakeholder communication and cost-benefit analysis.

Q: How do you prioritize competing asset maintenance needs with limited resources?

Expected Answer: Strong answers will discuss risk assessment methods, cost analysis, critical asset identification, and practical experience balancing urgent needs against long-term planning while staying within budget.

Mid Level Questions

Q: What factors do you consider when deciding whether to repair or replace an asset?

Expected Answer: Should explain basic cost analysis, considering factors like age of asset, repair history, maintenance costs, replacement costs, and impact on operations.

Q: How do you track and manage asset maintenance schedules?

Expected Answer: Should describe experience with maintenance planning systems, preventive maintenance programs, and how to coordinate with various departments to ensure proper asset care.

Junior Level Questions

Q: What information do you need to maintain in an asset register?

Expected Answer: Should mention basic asset details like ID numbers, location, purchase date, maintenance history, warranty information, and current condition status.

Q: How do you conduct basic asset inspections?

Expected Answer: Should describe fundamental inspection processes, including checking physical condition, basic functionality, safety concerns, and proper documentation of findings.