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 04:57
Refurbishment is the process of restoring an asset to near new condition.
by Wayne Eddy 02 Dec 2008 23:40
Rehabilitation is "works carried out to rebuild or replace parts or components of an asset, to restore it to a required functional condition and extend its life, which may incorporate some modification.
by Wayne Eddy 13 Mar 2009 01:56
Reliability Centred Maintenance, often known as RCM, is an industrial improvement approach focused on identifying and establishing the operational, maintenance, and capital improvement policies that will manage the risks of equipment failure most effectively.
by Wayne Eddy 08 May 2009 04:50
by Wayne Eddy 03 Dec 2008 01:54
Renewal or more formally Asset Renewal is the replacement or refurbishment of an existing asset (or component) with a new asset (or component) capable of delivering the same level of service as the existing asset.
by Wayne Eddy 23 Sep 2010 23:31
A renewal funding gap is the difference between;
by Wayne Eddy 22 Feb 2011 06:14
by Wayne Eddy 07 Jan 2009 05:49
A Renewal/Replacement Plan is a document that defines how an organisation decides when assets need to be renewed, the projected cost of renewals and the standards applicable to them. Renewal/Replacement Plans are often a section within an Asset Management Plan.
by Wayne Eddy 14 Dec 2009 03:36
by Wayne Eddy 06 Jan 2009 23:58
by Wayne Eddy 31 Mar 2009 01:36
The residual value (salvage value) of an asset is the estimated amount that an entity would currently obtain from disposal of the asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
by Wayne Eddy 20 Nov 2008 03:08
- establishes a management system for the road management functions of a road authority which is based on policy and operational objectives and available resources; and
- sets the relevant standard in relation to the discharge of duties in the performance of those road management functions.
by Wayne Eddy 15 Jun 2009 06:26
by Wayne Eddy 24 Jun 2009 06:24
by Wayne Eddy 03 Dec 2009 06:31
by Wayne Eddy 28 Oct 2009 06:23
by Wayne Eddy 20 Aug 2009 01:09
by Wayne Eddy 13 Jan 2010 22:22
by darronlpasslow 20 Nov 2008 06:45
by Wayne Eddy 27 Nov 2009 05:30
A Strategic Service Level is a service level concerned with customer outcomes but also relates to how an organisation (i.e. council) describes these services. One instance could be Community Service Level, but it is difficult to find an authoritative definition of this term.
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