Asset Call Management, broadly defined, refers to any system that monitors and maintains things of value to an entity or group.
It is a systematic process of operating, maintaining, upgrading, and disposing of assets cost-effectively.
Asset Call Management is the art and science of making the right decisions and optimizing these processes. A common objective is to minimize the whole life cost of assets but there may be other critical factors such as risk or business continuity to be considered objectively in this decision making.