This glossary is generated automatically. It displays the first paragraph of every page with the tags "definitions" & "am". If you believe you have a better definition than the one given, please click on the link and edit the page it points to. If you would like to add a new term to the glossary create the page and add the tag "definitions" to it. Click here for a list of other subject specific glossaries. Acronyms are listed separately.
by Wayne Eddy 03 Dec 2009 04:22
"Active Asset" is a term that is sometimes used by some valuers (and others) to describe above-ground networks assets (e.g. reservoir, pump station).
by Wayne Eddy 25 Sep 2009 04:54
Advanced Asset Management is Asset Management which employs predictive modelling, risk management and optimised decision making techniques to establish asset lifecycle treatment options and related long term cashflow predictions.
by darronlpasslow 30 Oct 2008 07:13
by Wayne Eddy 28 Dec 2012 05:23
by Wayne Eddy 31 Oct 2008 05:44
An asset class is a grouping of assets of a similar nature and use.
by Wayne Eddy 05 Jan 2011 23:50
An Asset Classification Scheme is the way assets are classified within a database.
by Wayne Eddy 26 May 2010 06:13
by darronlpasslow 12 Nov 2008 05:06
Asset condition is a measure of the health of an asset.
by Wayne Eddy 19 Nov 2009 01:58
An Asset Condition Assessment is the process of continuous or periodic inspection, assessment, measurement and interpretation of the resultant data to indicate the condition of a specific asset so as to determine the need for some preventative or remedial action. It is a crucial part of asset management to determine remaining useful life and an assets capability to meet performance requirements.
by Wayne Eddy 23 Jul 2009 01:39
by Wayne Eddy 08 Sep 2010 23:29
by Wayne Eddy 02 Nov 2009 23:54
by Wayne Eddy 25 Sep 2009 05:05
by Wayne Eddy 17 Jan 2011 00:00
An Asset Identification Label is an adhesive plastic tag that can be affixed to an asset to help identify it. The tags may or may not be bar coded.
by Darkenfair 04 Dec 2008 19:53
An asset inventory is a list of assets containing sufficient information about the assets to physically locate and identify them.
by Wayne Eddy 23 Feb 2009 02:53
An Asset Maintenance Management System (AMMS) is a system designed to program & record an organisation's maintenance activities. The term Computerised Maintenance Management System (CMMS) is often used to describe the same type of software.
by darronlpasslow 30 Oct 2008 06:27
Asset Management is the combination of management, financial, economic, engineering and other practices applied to physical assets with the objective of providing the required level of service in the most cost effective manner. It includes the management of the whole life cycle (design, construction, commissioning, operating, maintaining, repairing, modifying, replacing and decommissioning/disposal) of physical and infrastructure assets.
by Wayne Eddy 10 Nov 2008 03:22
by darronlpasslow 20 Nov 2008 06:33
An Asset Management Improvement Plan is a strategic plan that provides for monitoring and control of the Asset Management Improvement Activites. It provides the link between the Asset Management Strategy and the annual operations plans and budgets. This plan will ensure that acceptable progress is made on improving asset management processes and procedures and that progress can be verified and quantified.
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