Immovable Asset Management comprises the strategic management activities required to ensure that the immovable asset requirements for service delivery of an entity (or enterprise) are met. It includes setting a strategy, the assessment of immovable asset needs, planning a portfolio of assets optimally located to meet such needs, budgeting for the life cycle cost to pay for such assets and monitoring (& regularly evaluating) the level to which such needs are met. (Source: IDM Toolkit).