Trisha Shetty (Editor)

Asset reuse

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The reuse of Intellectual Property (IP) assets (also known as Software Assets ) is a strategy that many, in particular IT, companies are pursuing.

Contents

The strategy for reusing non-IT related assets is called Asset recovery. However, the term recovery is not being applied to Intellectual Property (IP) assets.,

These IP assets (or software assets) can be defined as (see Forrester ): Internally developed or acquired software artifacts that IT services vendors use to automate a particular business process or aspect of product development for a range of clients. Software assets provide 30% to 90% of the solution that the client is looking for and are reused across multiple engagements.

Benefits for the client

Amongst other benefits, the key advantages of reusing assets are:

  1. Increase delivery efficiency
  2. Innovate from a higher level
  3. Use best practices
  4. Reduce risk
  5. Offer wider array of flexible solutions.

Requirements

In order to implement Asset Reuse within a major company, it takes at least:

  • a system where to store and retrieve relevant assets
  • a management system to handle the asset management
  • a communication set-up to promote the reuse of piled up assets.

    • Implications

    Till now a number of companies have tried to implement asset reuse. However, common implications are:

  • the use of more than one asset repository
  • the operation model: set-up, funding, and maintenance of the required asset management system including success tracking over a long time
  • permanent cross-company communication of the asset management system strategy and its latest elements

    • References

    Asset reuse Wikipedia
    (Text) CC BY-SA


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