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ASTM International - ASTM E2811-11

Standard Practice for Management of Low Risk Property (LRP)

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Organization: ASTM International
Publication Date: 1 March 2011
Status: inactive
Page Count: 2
ICS Code (Company organization and management in general): 03.100.01
significance And Use:

LRP should be administratively controlled and managed to a lesser degree or with a more efficient technique than higher risk property.

The type and scope of control and management should be... View More

scope:

1.1 This practice covers the assessment of risk and management of low risk property (LRP).

1.2 This practice is directed at tangible LRP.

1.3 This practice does not promote mismanagement or dereliction of duty to protect property, nor protecting property unreasonably - to the extent that usefulness is impaired. This practice recognizes the constraints of materiality and costs versus benefits in the control and management of property.

Document History

November 1, 2017
Standard Practice for Management of Low Risk Property (LRP)
4.1 LRP should be administratively controlled and managed using less resource-intensive methods than higher risk property. 4.2 The type and scope of control and management should be commensurate...
ASTM E2811-11
March 1, 2011
Standard Practice for Management of Low Risk Property (LRP)
LRP should be administratively controlled and managed to a lesser degree or with a more efficient technique than higher risk property. The type and scope of control and management should be...
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