The Asset Setup area allows you to define assets as per the hierarchy levels you defined in Asset Configuration.
STEP 1: Go to Project Settings > Asset Setup.
STEP 2: Click Add New, specify a name for the Asset and enter data as per the fields displayed. Remember these fields will depend on your configuration of them in the Asset Configuration area.
STEP 3: Click the save icon to add the first asset level.
STEP 4: Click the Add New Asset Budget link if you want to specify a budget for a given year. This will enable you to select a reporting period and associate a budget amount in dollars for the current asset.
STEP 5: Click the Insert button to save the asset budget details.
STEP 6: Once you have created a first level asset, you can proceed to create and enter data for any child assets. Click the + sign on the left side of the first level asset name to expand it as shown.
STEP 7: Click the relevant Add New links to continue adding parent and/or child assets as per the hierarchy you configured in Asset Configuration.
Total child asset budgets must be less than or equal to the parent asset budget.
Once the asset is assigned to a project, the Responsible Officer who is at the highest asset hierarchy level will be assigned as the asset owner in project 'Board and Team'. Other Responsible Officers at lower hierarchy levels are added as 'Project Sponsors' in 'Project Board and Team'.
