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ASTM International - ASTM E2279-15

Standard Practice for Establishing the Guiding Principles of Property Asset Management

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Organization: ASTM International
Publication Date: 1 January 2015
Status: active
Page Count: 4
ICS Code (Company organization and management in general): 03.100.01
significance And Use:

4.1 The intent of these principles is to provide guidance for an effective and efficient system for (1) the acquisition of personal property, (2) the utilization of available... View More

scope:

1.1 This practice covers the creation of a set of guiding principles to be applied to the practice of property management. These principles will enunciate the objectives and intent of the property (also known as "asset") management community, stress simplified procedures, promote less rather than more, judgment rather than "by-the-book" decisions, and encourage the adoption of "best practices."

1.2 The acceptance of these guiding principles has the potential to foster a problem-solving mentality within the property management community, encourage the use of innovative and cost-effective practices, create greater commonality between government and industry practices, and increase the ability of organizations to respond to changing needs and business conditions.

1.3 The potential economic and practical benefits of operating in a manner consistent with a set of guidelines outweigh concerns about the loss of predictability, uniformity, and consistency.

1.4 The intent of this practice is to provide property management guidance for tangible personal property; however, many of the principles appropriately apply to other types of property.

Document History

ASTM E2279-15
January 1, 2015
Standard Practice for Establishing the Guiding Principles of Property Asset Management
4.1 The intent of these principles is to provide guidance for an effective and efficient system for (1) the acquisition of personal property, (2) the utilization of available personal property, and...
August 1, 2009
Standard Practice for Establishing the Guiding Principles of Property Management
The intent of these principles is to provide guidance for an effective and efficient system for (1) the acquisition of personal property, (2) the utilization of available personal property, and (3)...
May 10, 2003
Standard Practice for Establishing the Guiding Principles of Property Management
It is the intent of these principles to provide guidance for an economical and efficient system for (1) the supply of personal property, (2) the utilization of available property, and (3) the...
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