scope:

The scope of reporting is limited to:

a. Residual Life of the Asset base;

b. Failures to meet Required Duty that result in Functional Condition Concerns:

• Statutory non-compliance; including the failure to carry out required programmed inspections and/or

• Safety risks that may result in customer or staff fatalities and/or injuries, which require either control or mitigation to achieve risk levels of ALARP or better; and/or

• Extraordinary maintenance and/or operational activities, outside of the maintenance regime, which are uneconomic and/or unsustainable; and/or

c. Performance Risks

d. Degradation Concerns

The scope of reporting includes software and firmware, but excludes:

a) Information and documentation used to support management of a physical Asset;

b) Any aspect of failure to meet Required Duty that does not result in any of the business impacts covered by 2.2 above (i.e. transient defects).

Purpose

The purpose of this Standard is to define the requirements for the annual reporting and certification of the condition of all engineering Assets owned by London Underground (LU) on the 1st of June in the reporting year.

The Asset Condition Reports and Asset Safety & Management Certificates together:

• Provide assurance to the LU Executive and other stakeholders that the Assets are of known condition and are fit for purpose;

• Allow Asset condition trends to be monitored;

• Identify residual safety and performance risks and their associated mitigations and controls;

• Inform the Asset investment planning process.