Question : list functions of property management system?

property management system

Best answer:

Answer by prez33rd
I hope that this is what you are looking for. It’s directly from the GAO.

1. General requirements identify mandatory and value-added system functionalities that are common for all property management functions. In addition, there are functional requirements that apply to specific categories of property.

2. Acquiring/receiving property addresses initial physical control when property is delivered or real property is placed in service. Property is recognized as accounted for when title passes to the entity obtaining the property or when goods are delivered. Property may be purchased, leased, loaned, granted,transferred, constructed, or donated. The property management system may obtain information from the acquisition system when property is ordered. The property management system records receipt of property and the results of an
initial physical inspection regarding the condition of property, whether from vendor, donated, transferred, or gained through discovery.

3. Managing and accounting for property. The managing property function captures and provides data to assist property managers and officials in managing property. The accounting-for-property function pertains to recording the acquisition cost of the property, or net book value/fair market value for donated or transferred items.