Asset Management Definitions

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What is the definition of asset management?
Coordinated activity of an organisation to realise value from assets
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Define an asset management system.
Set of interrelated or interacting elements of an organisation to establish asset management policies and objectives and processes to achieve those objectives
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What is an asset portfolio?
Assets that are within the scope of the asset management system
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Define an asset
An item, thing or entity that has potential or actual value to an organisation
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Define asset life
period from asset creation to asset end-of-life
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Card 2

Front

Define an asset management system.

Back

Set of interrelated or interacting elements of an organisation to establish asset management policies and objectives and processes to achieve those objectives

Card 3

Front

What is an asset portfolio?

Back

Preview of the front of card 3

Card 4

Front

Define an asset

Back

Preview of the front of card 4

Card 5

Front

Define asset life

Back

Preview of the front of card 5

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