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A review of asset management practice in Malaysian local governments

Mohamed Abu Backer, Mohamed Ali and Wan Yusoff, Wan Zahari (2014) A review of asset management practice in Malaysian local governments. In: 7th International Real Estate Research Symposium (IRERS 2014), 29-30 April 2014, National Institute of Valuation (INSPEN), Putrajaya.

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Abstract

Public assets management is very critical to the development countries around the world. Without proper practice of asset management infrastructural decay will be eminent as such service delivery by the public authority might significantly be affected. The practice and performance of Malaysian public asset management with specific attention to local authorities’ asset management need to examine. Within this domain, works are carried out on an ad-hoc basis. Besides that, reactive maintenance is employed which is associated with various disadvantages. More so, works is carried out without proper systematic planning in execution. It is conceived that the asset and facilities are not performing well and as such incur high maintenance cost. Government agencies including the local government are responsible for managing the nation’s physical assets and facilities to deliver a quality service to the public. Therefore, effective asset management is necessary to ensure the asset and facilities provided are managed and able to serve the intended purpose for which it is constructed. The public authority’s responsiveness is always re-aligned with such responsibilities. Therefore, adequate and efficient asset management will promote production and effective services delivery.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: asset management; public assets; local government; public authority
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Faculty of Technology Management and Business > Department of Real Estate Management
Depositing User: Normajihan Abd. Rahman
Date Deposited: 26 Oct 2014 08:00
Last Modified: 26 Oct 2014 08:00
URI: http://eprints.uthm.edu.my/id/eprint/5619
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