4.1 The intent of these principles is to provide a useful hierarchical arrangement of the breadth of asset types.4.2 This hierarchy is independent of the legal ownership of the assets under consideration.4.3 Cost or financial treatment of assets is not relevant to this hierarchy.4.3.1 Positive and negative value contributions of assets are relevant to mission success.4.4 Value contribution to the mission success of the organization of the assets is relevant.4.5 Asset hierarchies or models based on other asset attributes may be useful as well.4.6 Understanding the breadth of assets allows organizations to give full consideration of the contribution of assets to the mission success of the organization.4.6.1 As an example, when a trucking company considers its assets, the trucks, trailers, and related equipment are an obvious starting point. Real property used to stage, store, load, unload, maintain, and perform other mission-related tasks follows. Administrative space (real property) and equipment (personal property) supporting the organizational mission are included, regardless of ownership. Management control systems, networks, software, knowledge, and perceptions are non-physical assets contributing value in support of mission objectives. As with all assets discussed in this example, ownership of the assets is an important consideration, but a consideration that is not relevant to understanding all the assets that contribute to mission success. In that light, the public roads and bridges carrying the trucks to their destinations and back are clearly assets essential to mission success. Air and water are essential to operation of the trucking equipment, and to the staff supporting the mission, and therefore are assets of the organization.4.7 It is likely that many or most organizations have assets from every classification at every level of this hierarchy.1.1 This practice covers a useful hierarchical arrangement of the breadth of asset types.1.2 This taxonomy is based on the innate characteristics of the asset, not on the asset's use, cost, owner, or other factors.1.3 Biological life forms are excluded.1.4 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety, health, and environmental practices and determine the applicability of regulatory limitations prior to use.1.5 This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.
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1.1 This terminology covers traditional property management definitions and some of the terms introduced in additional asset management standards that are used most often and considered most important. As new standards are developed, new terms will be added to this terminology in future revisions.1.2 This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.
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4.1 This practice establishes a notational and conversational approach to asset physical location information to enable precision in requirements and results related to asset physical location tracking.4.2 It is intended that this practice fosters and enables additional practices related to or based on asset physical location information.1.1 This practice covers standardizing practices and terminology related to information conveying the physical location of assets.1.2 This practice describes ten increasingly specific levels of asset physical location information, assigning a standard name and level number to each.1.3 This practice is designed to be applicable and appropriate for all asset-holding entities.1.4 In addition to applicability to assets, this practice may in whole or in part be effectively applied to intangible property, real property, and material.1.5 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety, health, and environmental practices and determine the applicability of regulatory limitations prior to use.1.6 This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.
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4.1 This practice establishes expected outcomes associated with an asset management system.4.2 Understand the difference between performance standards and design standards—these are primarily performance statements versus design statements. What is being measured is achievement, not process.4.3 This practice encourages an inclusive understanding and communication of the outcomes associated with an asset management system. As additional standards are added, comparisons on this basis to other asset management systems can be further enabled.4.4 This practice, in combination with Practice E2279, should provide an enhanced basis for making decisions surrounding both assets and asset management systems.4.5 This practice is intended to foster and enable additional standard practices related to or based on the terms and concepts in the outcomes and outcome components. In particular, this practice may suggest a standard for personal and management skills useful in efforts to achieve these outcomes.4.6 This practice is to evaluate how robust the asset management system is, and guide future corrections and improvements.1.1 This practice describes expected outcomes associated with an asset management system. It is a measure of achievement rather than process and is performance oriented rather than design oriented.1.2 Outcomes are defined as information, events, objects, or states of being produced as a result or consequence of an objective, plan, process, accident, effort, or other similar action or occurrence and can be expressed in a quantitative or qualitative manner.1.3 An output measure is the tabulation, calculation, or recording of activity or effort and can be expressed in a quantitative or qualitative manner. For example, an output is driving 100 mph; an outcome is arriving safely.1.4 An outcome measure is an assessment of the results of a program activity compared to its intended purpose. This practice assumes that inputs are correlated to known or declared outputs of the system or system component being assessed.1.5 Consistent with Practice E2452 (EMPM), these outcomes are grouped into process management outcomes and operational outcomes.1.5.1 Although they may be directly related, strategies and tactics should not be confused with outcomes. Strategies are long-term plans of action designed to achieve a particular goal. Tactics are maneuvers or actions calculated to achieve some end. For example, increasing exercise is a strategy to attain the goal or outcome of fitness. Running is a supporting tactic to achieve the goal or outcome of fitness. Other tactics or groups of tactics may achieve the same outcome. On the other hand, as the definition of outcome indicates, tactics are not required for attaining outcomes. For example, fitness may be an unplanned result of a job requiring physical exertion.1.6 This practice describes the outcomes at a high level, with limited discussion of each outcome or components of each outcome. The intent is to provide a framework for current and potential additional standards. A cross reference relating current standards to the outcomes is provided in Section 5.1.7 The outcomes further described in Section 5 are listed in the following:1.7.1 Process Management Outcomes: 1.7.1.1 Outcome 1—Mission Support1.7.1.2 Outcome 2—Accounting and Accountability1.7.1.3 Outcome 3—Information Management1.7.1.4 Outcome 4—Planning1.7.1.5 Outcome 5—Relationships1.7.2 Operational Outcomes: 1.7.2.1 Outcome 6—Asset Functionality for Intended Purpose1.7.2.2 Outcome 7—Resource Optimization1.7.2.3 Outcome 8—Asset Visibility1.7.2.4 Outcome 9—Safety and Security1.7.2.5 Outcome 10—Installation, Movement, and Storage1.8 In Section 5, a rating scale is provided to quantify in a uniform manner achievement of outcomes and outcome components.1.9 This practice, in combination with Practice E2279, clarifies and enables effective and efficient control and tracking of assets and may provide an enhanced basis for making decisions surrounding both property and property management systems.1.10 This practice is intended to be applicable and appropriate for all asset-holding entities.1.11 This practice covers tangible assets and tangible property as defined in Terminology E2135. Consistent with the nomenclature used, individual portions of the practice may be applicable to more limited subsets of tangible assets, for example, to equipment and not to material.1.12 This practice assumes competence and subject matter expertise of those performing the assessment and those being assessed. (For example, as specified in the GAO Yellow Book.) The use of professional judgment by asset management professionals is required to achieve desired outcomes.1.13 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety, health, and environmental practices and determine the applicability of regulatory limitations prior to use.1.14 This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.
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