Abstract. Asset, infrastructure and business can be destroyed in a split seconds. It only takes a minute for natural disasters such as flood, hurricane and others to happen that will stop the business process and destroying the business as well as their assets. Late response towards the disaster will bring disastrous impact not only to the people but also the social and economic of the impacted people and area. It is therefore important for the organization to ensure speedy recovery of the disaster's impact such as the assets in an effort to ensure the business survival and facilitating societal and economic recovery. Therefore this paper examines the state of knowledge in relation to the asset management recovery especially after the disaster. Following to that, this paper will discuss the literatures involves in asset management recovery such as disaster management and business continuity plan (BCP). Towards the end, this paper suggests that the effect of lack of planning in asset management recovery will lead to an untold damage towards the community, organization as well as the business, taking months or even years to rectify. In some cases, businesses are shut down for goods due to loss data as well as other emerge problems cause by the disaster. Keywords: Asset Management Recovery, Business Continuity Plan (BCP), Disaster Management, Flood IntroductionPhysically, Malaysia can be considered as one of the blessed countries because of its geographic location that prevents it from the threat of severe natural disaster like volcanic eruptions and cyclones [1]. However, it has its own fair share of the environmental perils such as flood. Malaysia is well known as a country that is prone to major flooding event that occurs once a year due to the northeast monsoon that bring heavy downpour. Due to its nature, lots of lives, assets, building, infrastructure and environment have been damaged. Although the disaster occurs in a split seconds but the impact that it leaves are tremendous and may take years to rectify. Moreover, the vulnerability of the community is increase when they choose to construct houses near the rivers and along the coastlines.Nevertheless, due to its relative regularity that always appear from November to March each year made actions such as flood mitigation, forecasting and warning systems have been undertaken to minimize the impact of the disaster. However, despite numerous planning and preparation, it is believed that the present countermeasures are far from sufficient. This is shown in the recent management of the flood disaster that happen during December 2014 to January 2015 flood crisis. During the crisis, as many as 250,000 people need to be placed at the evacuation centre and great efforts have been taken to reduce the impacts that it caused such as the disruption of the victims life, the health issues, the polluted environment (due to the mud comes from the flood) and the massive costs encompass in the redevelopment of the assets and infrastructure. It is reported by [2] that the estim...

In the event of recovery after the flood disasters, public order and welfare are of key importance for the institutions. Hence, community involvement via an asset-based approach is paramount to ensure that the holistic recovery of the community can be achieved. Through an asset-based approach, the vulnerability of the community can be diminished by concentrating on the strength and capability of the community to steer away from the disaster's impacts once it occurs, without being dependent only on government assistance. It is essential to not only focus on the tangible assets of the community but also their intangible assets to assist the community and the institutions in facing the disaster's impacts. Thus, the purpose of this paper is to investigate the elements of the asset-based approach that may assist institutions in the recovery process of flood-affected areas, with a focus on three districts in three Malaysian states. These states are Kuala Krai (Kelantan), Kemaman (Terengganu) and Kuantan (Pahang). The data is collected through a focus group discussion with the agencies involved in the recovery process of the victims by utilizing the Nominal Group Technique (NGT). The data collected is later analysed by using content analysis through Nvivo software. Four themes emerge from the data analysis highlighting the importance of community assets and their involvement in the process. Four essential elements identified in the study to assist the institutions in the process are resources, methods, functions, and evaluation. These elements are crucial to the development of the institutional framework that may help the victims' recovery process.