Asset Management

summations Management Definitions

BSI PAS 55:2008 contains a useful glossary of find out terms in Asset Management. The following items are extracted from this standard.

1 Asset(s)

Plant, machinery, property, buildings, vehicles and other items that have a distinct value to the organization

2 Asset focal point

Systematic and coordinated activities and practices through which an organization optimally and sustainably manages its additions and addition systems, their associated performance, risks and expenditures over their life cycles for the purpose of achieving its organisational strategical plan

3 Asset forethought information

Meaningful data relating to summations and plus management

NOTE Examples of asset management information include asset registers, drawings, contracts, licences, legal, regulatory and statutory documents, policies, standards, guidance notes, technical instructions, procedures, operating criteria, asset performance and condition data, or all asset management records.

4 Asset management objective(s)

1. specific and measurable moment or achievement required of asset system(s) in order of battle to implement the asset management policy and asset management strategy; and/or
2. detailed and measurable level of performance or condition required of the assets; and/or
3.



specific and measurable outcome or achievement required of the asset management system.

5 Asset management plan

Document specifying activities and resources, responsibilities and timescales for implementing the asset management strategy and delivering the asset management objectives.

6 Asset management policy

Principles and mandated requirements derived from, and consistent with, the organizational strategic plan, providing a framework for the development and implementation of the asset management strategy and the setting of the asset management objectives.

7 Asset management strategy

Long-term optimized approach to management of the assets, derived from,...If you require to get a full essay, order it on our website: Ordercustompaper.com



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