TKA Company Limited (TKA) was founded in Dar es Salaam, Tanzania in 1988 as a Limited Liability Company. The Company has four Departments namely: Property Valuations, Asset Management and Municipal Services; Property and Facility Management and Business Development; Research, Publications and Innovation; and, Project Planning and Management, Human Resources and Training

Preparation of Asset Management Policies

Home Services Preparation of Asset Management Policies

Service Overview

An asset management policy is one of the core requirements of ISO 55001:2014 certification and is a cornerstone of a solid and complete asset management strategy. It is like a compass pointing everyone at your organization in the right direction when making decisions about assets. It does this by providing a set of guiding principles, intentions, goals and methods for asset management so everyone feels confident in their choices and contributions to the facility.
asset management policy

Service Objectives

The more you familiarize yourself with this the easier it will be for you to understand the essence of this service.

Summarize the intent

It sets the tone for the rest of the document by grounding asset management in the overarching goals of the organization.

Articulate the intended outcomes

This section describes the high-level objectives for asset management at your organization.

State the Scope

This section describes the assets, services, and business units or roles that the policy applies to.

Define responsibilities

It designates who is responsible for all aspects of the policy and asset management in general.
Such policies include assets acquisition and disposal, asset depreciation, asset capitalization asset labelling and asset recording and tracking policies

Service Outcomes

  • Standardization and efficiency
  • Reliability and safety
  • Executive sponsorship

It is concise and sets a strong direction and clear expectations. The document uses language that allows everyone at your organization to see how it relates to them, their role and their goals. It also encourages constant improvement.

It highlights best practices that are specific to the organization it is made for. Because of this, it fosters operational excellence and eliminates any room for people to stray from their best work. It ensures that nothing is left to chance when it comes to handling assets.

Having executive sponsorship for the document gives it immense power and makes everyone accountable. This fosters awareness of the importance of asset management throughout the company.

Secretary TKA Cropped

Email us at