An asset by any other name: a study of the nomenclature of assets for strategic local government property management

This paper examines the nomenclature used to describe and classify types of assets within the requirements of strategic property management in local government where organisational and community strategic aspects must be considered. The paper identifies the rise of strategic property management in private and public sectors before reviewing existing local government property nomenclature systems. Empirical evidence of nomenclature in practice is then examined. As deficiencies in existing systems are identified a proposal is made for a nomenclature-classification system better suited to strategic local government property management. A comparison with existing systems is made to illustrate the new system’s efficacy.