Asset reuse
The reuse of Intellectual Property assets is a strategy that many, in particular IT, companies are pursuing.
The strategy for reusing non-IT related assets is called Asset recovery. However, the term recovery is not being applied to Intellectual Property assets.
These IP assets can be defined as :
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:
- Increase delivery efficiency
- Innovate from a higher level
- Use best practices
- Reduce risk
- Offer wider array of flexible solutions.
Requirements
In order to implement Asset Reuse within a major company, it takes at least:
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
