Fixed Asset Management System

MIT Project (Proposed)

by

Md. Shahinur Alam

Roll: 161410

Session: 2015-2016

Superviser

Emon Kumar Dey

Assistant Professor

Institute of Information Technology

University of Dhaka

2017

Introduction
A property owned by an organization for a longer period of time which is used in
the production of its revenue and lasts more than one year at the same time
depreciated with passage of life time is called fixed asset. Fixed asset provides
benefits to the organization over than several years and differentiated in the
balance sheet as non-current assets, or investments. In most of the cases, the
management of fixed assets of a small organisation is simply implemented by
Excell program. However, with rapid expantion of not only the departments but
also the number of branches of an organisation, there is a significant rise in the
volume of fixed assets which make it impossible to manage by Excel. Therefore,
an asset management software turns out to be indispensable. My project aiming
to meet this demand.

Objectives

To provide an web-based and easy to use application that acts like a

personal assistant to help the asset managers handle their task effectively .

Monitoring the fixed assets using state over certain periods of time to make
necessary changes susch as replacement, supplimentaion or liqudation .

To helps asset mangers to estimate the total value of fixed assets,

calculating depreciation from the time of adding to the time of liquidation .

Value Proposition

This application fills the need of having a tool that manages fixed assets of an
organisation so that asset managers can be more productive by focusing on the
tasks at hand, and not be burdened with the details of assets in large volume.
The absence of any asset managment tools in the market will put this
application in a unique position.

Tools and Resources

Programming Language: Java

Scripting Language: JSP, Javascript
Markup Language: HTML, CSS
Database: Oracle
Frameworks: Struts, Hibernet
Reporting: Jasper Report

Application Features and Brief Description

 Requires user to sign in to access the tool via a web browser.
The user will record the detail information of all fixed assets.
User can check out assets provided to branches/department/divisions.
Transfer the asset from one palce to another. A due date can be set during
the checkout process, and then run reports to find the overdue assets.
Whether you need help keeping track of where your assets are, or if you
simply need a better accounting of what you have and how much it is
worth, Asset Manager can track it all.
When servicing an item, you can track vendors, and contacts in your
database. You'll have all the information you need right at your fingertips.
You can find the items quickly using a quick search.

Challenges

The biggest challenge that we envision in developing this project will be

coming up with a good software design including an efficient and friendly
user interface. A good design early on will make the development process
easier. Reduced coupling in the design will allow for better software
verification, and also improve flexibility in case implementation has to be
modified at a later stage.
The main product challenges will be to create an effective method for
calculating the depreciation, keeping track of the assets location and book
values as well as to ensure that the application is secure and reliable.

Md. Shahinur Alam Emon Kumar Dey

Roll: 161410, Session: 2015-2016 Assistant Professor & Project Superviser