Asset Strategy

2. A method of allocating a portion of the cost of an asset over the period it can be used.
3. A detailed process that guides an organization through the establishment, definition and implementation of reliability and performance improvement program.
6. That part of the maintenance time during which a maintenance action is performed on an item, either automatically or manually.
9. Asset having potential to significantly impact on the achievement of the organization's objectives.
10. A software and information system tool for planning, coordination, scheduling of maintenance activities, the labor resources to deliver them, and other essential supporting resources.

1. This is carried out by means of various technologies, which highlight the location of problems and the potential scope of repair.
4. The stages an asset will undergo throughout its useful life, including acquisition, service life, and disposal.
5. An intangible asset that is stored in digital form.
7. A Performance Measure that is considered important to the organization.
8. Plant, machinery, buildings, property, pipelines, infrastructure, and other items that have potential or actual value to the organization.