After presenting your physical asset management documentation to the owners, Mark Penfold has come back to you saying that budget increases for your department have been finalised and approved. To ensure effective control and management of all physical assets moving forward, he has asked that you develop documentation that has been requested by the owners. He has asked that you prepare and submit procedures to: Monitor the utility of the three assets acquired to meet business needs. Provide regular financial reports on the assets. Record formal and informal customer and staff feedback on the three assets. Integrate day-to-day condition reports of the three assets into standard operating procedures. Schedule internal or external inspections or audits of the three assets. Schedule management reports on the three assets. Develop and maintain a current asset register for the three assets. Maintain records of financial agreements relating to acquisition of assets. When completing these documents: Ensure you address all requirements identified in the Portfolio Checklist