Abstract: A system including a tracking device, sensors, and an operations management engine (OME), and a method for managing operations and assets, for example, motorized and non-motorized equipment, associated with multiple entities, are provided. The OME dynamically receives asset data from the tracking device and operating parameters of the assets from one or more sensors in real time. The OME dynamically determines multiple data elements, for example, location, asset status, operating status, asset proximity to asset requirement, etc., associated with each asset by processing logical combinations of the asset data and the operating parameters, based on which the OME determines actions associated with the assets to be executed. The OME generates an interactive, graphical map interface that renders a visual representation of the assets, a geography containing the assets, associated operations, and the data elements in real time for real-time monitoring and facilitating execution of the actions.