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ASTM E2495

Standard Practice for Asset Utility

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Organization: ASTM
Publication Date: 1 July 2006
Status: inactive
Page Count: 6
ICS Code (Company organization and management in general): 03.100.01
scope:

This practice establishes a quantitative process for asset utility, an asset priority index (API), to provide managers with a method to prioritize assets based on predefined criteria.

The API has a wide range of applications including, but not limited to, use as a basis for capital investment strategies, deferred maintenance approaches, security design and analyses, continuity of business/risk analyses, and disposition decisions.

The API model is designed to be applicable and appropriate for entities holding equipment designated as capital assets.

In addition to the applicability of moveable and durable assets as defined in this practice, this methodology may in whole or in part be effectively applied to intangible property, real property, and materiel.

This practice offers instructions for performing one or more specific operations. This document cannot replace education or experience and should be used in conjunction with professional judgment. Not all aspects of this practice may be applicable in all circumstances. This ASTM standard is neither intended to represent or replace the standard of care by which the adequacy of a given professional service must be judged, nor should this document be applied without consideration of a project's many unique aspects. The word "Standard" in the title means only that the document has been approved through the ASTM International consensus process.

Document History

July 1, 2018
Standard Practice for Prioritizing Asset Resources in Acquisition, Utilization, and Disposition
The asset priority index (API) establishes a quantitative process for prioritizing asset resources in acquisition, utilization, and disposition. In addition to the applicability of moveable and...
January 1, 2013
Standard Practice for Prioritizing Asset Resources in Acquisition, Utilization, and Disposition
The asset priority index (API) establishes aquantitativee process for prioritizing asset resources in acquisition, utilization, and disposition to provide entities with a proven methodology to...
February 1, 2007
Standard Practice for Prioritizing Asset Resources in Acquisition, Utilization, and Disposition
This practice establishes a quantitative process, an asset priority index (API), for prioritizing asset resources in acquisition, utilization, and disposition to provide managers with a method to...
ASTM E2495
July 1, 2006
Standard Practice for Asset Utility
This practice establishes a quantitative process for asset utility, an asset priority index (API), to provide managers with a method to prioritize assets based on predefined criteria. The API has a...

References

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