During a recent weekly Twitter chat about GIS, a GIS industry colleague asked for some thoughts about selecting and planning an Asset Management System. That question sparked a discussion between Nathan Heazlewood and myself. What follows is an expansion on that discussion. This post looks at the reasons and requirements for implementing an Asset Management System; what software you might use, whether COTS or a custom system, and how to get started. Finally, we wrap it up with a discussion of the need to have buy in from your supporting departments, the need to work with subject matter experts to determine what assets are important, and lastly, the need to keep it simple. Only do as much as you need, with the knowledge that you can add more as you go along.