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.
Redundancy
by DDanielsson 11 Aug 2011 04:06
Redundancy in engineering is about designing a system in which critical components are duplicated, so that if one fails the other component can take over the function of the failed component.
Rehabilitation
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.
Reliability Centred Maintenance
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.
Remaining Useful Life
by Wayne Eddy 08 May 2009 04:50
The Remaining Useful Life (RUL) of an asset is the estimated length of time remaining before it will need to be replaced.
Renewal
by Wayne Eddy 03 Dec 2008 01:54
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.
Renewal Funding Gap
by Wayne Eddy 23 Sep 2010 23:31
A renewal funding gap is the difference between;
a) the amount of funds required annually for the renewal of an asset class over the useful life of that asset class, and;
b) the amount of funds currently being spent on renewing the asset class annually.
Renewal Planning
by Wayne Eddy 22 Feb 2011 06:14
Renewal Planning is the process of deciding in advance the make up and timing of renewal works.
Renewal/Replacement Plan
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.
Replacement
by Wayne Eddy 14 Dec 2009 03:36
Replacement is the complete replacement of an asset that has reached the end of its life. so as to provide a similar or agreed alternative level of service.
Replacement Cost
by Wayne Eddy 06 Jan 2009 23:58
The Replacement Cost of an asset is the cost of replacing it with a substantially identical new asset or a modern equivalent.
Residual Value
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.
Road Management Plan
by Wayne Eddy 20 Nov 2008 03:08
A Road Management Plan (RMP) is a document that:
- 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.
Road Register
by Wayne Eddy 15 Jun 2009 06:26
A road register is an Asset Register set up specifically for roads.
Road Segment
by Wayne Eddy 24 Jun 2009 06:24
A road segment is a uniform section of road that is identified separately in an asset register.
Scheduled Maintenance
by Wayne Eddy 03 Dec 2009 06:31
Scheduled Maintenance is preventive maintenance carried out to a predetermined interval of time, number of operations, kilometres, etc.
Service Capacity
by Wayne Eddy 28 Oct 2009 06:23
Service capacity is an asset's ability to deliver its service potential over time, expressed as a rate of service delivery.
Service Potential
by Wayne Eddy 20 Aug 2009 01:09
Service potential is the total future service capacity of an asset. It is normally determined by reference to the operating capacity and economic life of an asset.
Soft Asset
by Wayne Eddy 13 Jan 2010 22:22
A soft asset is (in the local government context) a a non infrastructure asset.
Strategic Asset Management Plan
by darronlpasslow 20 Nov 2008 06:45
A Strategic Asset Management Plan (SAMP) is a document (or series of documents) that acts as both an Asset Management Plan and an Asset Management Strategy.
Strategic Service Level
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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