Open AccessEFFICIENCY OF ASSET MANAGEMENT IN KUALA TERENGGANU POLYTECHNIC
Author(s) -
Abd Halim Ahmad
Publication year - 2021
Language(s) - English
DOI - 10.35631/ijscol.23003
Subject(s) - it asset management , asset management , asset (computer security) , business , sample (material) , digital asset management , finance , computer science , computer security , chemistry , chromatography , investment strategy , market liquidity
Asset management is one of the important aspects of the governance of an organization. The efficiency of asset management shows the effectiveness of the organization in following the asset management circular issued by the government. Therefore, issues related to weaknesses in asset management procedures need to be addressed to demonstrate the efficiency of the organization involved. The study conducted is descriptive to assess the efficiency of asset management at Kuala Terengganu Polytechnic. The sample for this study consists of 80 staff in the department and unit. The instrument for this study is a set of questionnaire form questions. Data analysis was done using Statistical Package for Social Sciences (SPSS) version 23.0 software. The findings show that all asset management practices are in accordance with asset management procedures (overall mean = 3.87). Asset management competencies are high where the asset coordinator has done a good job (overall mean = 3.89). The results of the study found the hypothesis, H1 accepted that there is a significant relationship between asset management practices and asset management competencies (r = 0.534). It can be concluded that continuous asset management practices can enhance asset management competencies.