Once all the tools to start tracking your assets have been selected, the larger and equally consequential part of the project awaits. The data environment must be defined and populated with the asset data. Usually, this task is far more costly than the price of the tools already purchased. It should be noted that the failure to complete this step properly is a leading cause for the failure of asset management projects. Depending on your circumstances, you may have a range of choices available or you may be facing a significant and labor intensive inventory. Whichever the case, we will concentrate on how to populate the data base, not data base design. Particularly, this paper will discuss best approaches, the risks of each and what to expect to spend.
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