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Strategic Service Level - 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.
Technical Service Level - A technical service level is a service level associated with the physical characteristics of an asset.
Terotechnology - Terotechnology is the economic management of assets. It is the combination of management, financial, engineering, and other practices applied to physical assets such as plant, machinery, equipment, buildings and structures in pursuit of economic life cycle costs.
Total Management Plan - A Total Management Plan (TMP) as an integrated strategic planning framework and business plan for maintaining or improving the quality and cost-effectiveness of services, in both the short and long term.
Underground Asset - An underground asset is an asset buried beneath the ground surface.
Unplanned Maintenance - Unplanned Maintenance is maintenance carried out to no predetermined plan.
Upgrade - An upgrade is capital works carried out on an existing asset to provide a higher level of service.
Useful Life -
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Valuation - A valuation is the determination of the economic value of an asset.
Written Down Replacement Cost - The Written Down Replacement Cost (WDRC) (or Written Down Value) of an asset is its current replacement cost less accumulated depreciation.