UNLIMITED FREE ACCESS TO THE WORLD'S BEST IDEAS

close
Already an Engineering360 user? Log in.

This is embarrasing...

An error occurred while processing the form. Please try again in a few minutes.

Customize Your Engineering360 Experience

close
Privacy Policy

This is embarrasing...

An error occurred while processing the form. Please try again in a few minutes.

ASTM International - ASTM E2811-17

Standard Practice for Management of Low Risk Property (LRP)

active
Buy Now
Organization: ASTM International
Publication Date: 1 November 2017
Status: active
Page Count: 2
ICS Code (Company organization and management in general): 03.100.01
significance And Use:

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... 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.

1.4 This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.

Document History

ASTM E2811-17
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...
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...
Advertisement