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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Other cards in this set
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
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