E53.05 - Asset Leadership

SIGNIFICANCE AND USE
4.1 The intent of these principles is to provide a useful hierarchical arrangement of the breadth of asset types.  
4.2 This hierarchy is independent of the legal ownership of the assets under consideration.  
4.3 Cost or financial treatment of assets is not relevant to this hierarchy.  
4.3.1 Positive and negative value contributions of assets are relevant to mission success.  
4.4 Value contribution to the mission success of the organization of the assets is relevant.  
4.5 Asset hierarchies or models based on other asset attributes may be useful as well.  
4.6 Understanding the breadth of assets allows organizations to give full consideration of the contribution of assets to the mission success of the organization.  
4.6.1 As an example, when a trucking company considers its assets, the trucks, trailers, and related equipment are an obvious starting point. Real property used to stage, store, load, unload, maintain, and perform other mission-related tasks follows. Administrative space (real property) and equipment (personal property) supporting the organizational mission are included, regardless of ownership. Management control systems, networks, software, knowledge, and perceptions are non-physical assets contributing value in support of mission objectives. As with all assets discussed in this example, ownership of the assets is an important consideration, but a consideration that is not relevant to understanding all the assets that contribute to mission success. In that light, the public roads and bridges carrying the trucks to their destinations and back are clearly assets essential to mission success. Air and water are essential to operation of the trucking equipment, and to the staff supporting the mission, and therefore are assets of the organization.  
4.7 It is likely that many or most organizations have assets from every classification at every level of this hierarchy.
SCOPE
1.1 This practice covers a useful hierarchical arrangement of the breadth of asset types.  
1.2 This taxonomy is based on the innate characteristics of the asset, not on the asset's use, cost, owner, or other factors.  
1.3 Biological life forms are excluded.  
1.4 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety, health, and environmental practices and determine the applicability of regulatory limitations prior to use.  
1.5 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.

SIGNIFICANCE AND USE
Internal—The EMPM provides assessment results that are easy to understand and communicate. Areas requiring additional resources become apparent, and thus, can be more readily addressed. Improvement can be tracked in meaningful ways. Assessment detail allows attention to be drawn to processes of exceptional maturity and areas in which changes or additional resources, or both, are required to achieve process improvements.
External—Meaningful comparisons to external requirements are enabled. Comparisons of equipment management between entities in different operational or business environments become meaningful and provide insight previously unavailable.
SCOPE
1.1 This practice covers a process for the assessment and reporting of an entity’s overall equipment management process maturity (EMPM).
1.2 The highest value is placed on continuous improvement as reflected in measured increases in maturity over time.
1.3 The EMPM model is designed to be applicable and appropriate for all equipment-holding entities, however, the EMPM may not be the only acceptable assessment model available.
1.4 It includes all aspects of equipment management.
1.5 In addition to applicability to equipment and equipment management as defined in this practice, this practice may in whole or in part be effectively applied to intangible property, real property, and material.
1.6 There is great variation across organizations regarding the internal departments that accomplish the various aspects of equipment management. Thus, all criteria are not applicable to all entities.
1.7 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety and health practices and determine the applicability of regulatory limitations prior to use.

SIGNIFICANCE AND USE
Establish a standard notational and conversational approach to tangible property mobility and related information to enable precision in requirements and results related to movement and tracking.
Foster and enable additional standard practices related to or based on mobility practice and information.
SCOPE
1.1 This practice covers standardizing practice and terminology related to information conveying the mobility of tangible property.
1.2 This practice describes a graduated index depicting in a standard manner the mobility of tangible property, assigning a standard name and index number to each. The index ranges from indiscernible to immovable. The mobility index ranges from MI 0 for non-discernable items to MI 10 for real property.
1.3 While examples are given of items that may be associated with a particular mobility index number, the intent of this practice does not include rigid prescriptive assignment of items or types of items to specific mobility indexes. Individual entities may make their own assignments based on their judgment unless or until standard practice based on experience using this practice emerges.
1.4 In conjunction with Practice E 2608, entities may base decisions on control classes and control classes in whole or in part based on the mobility indices of the items.
1.5 In conjunction with Practice E 2132, entities may develop their physical inventory plans for classes of items based in whole or in part on the mobility indices of the items.
1.6 In conjunction with Practice E 2131, entities may analyze and report their loss, damage, and destruction experience based in whole or in part on the mobility indices of the items.
1.7 There is no existing, recognized practice for recording, discussing, and comparing mobility information.
1.8 This practice is designed to be applicable and appropriate for all tangible property-holding entities.
1.9 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety and health practices and determine the applicability of regulatory limitations prior to use.

SIGNIFICANCE AND USE
This practice establishes expected outcomes associated with a property management system.
Care should be taken not to confuse tactics with the outcomes described in this practice. Tactics are a means to an end. Outcomes are an end.
What is being measured is achievement, not process.
This practice encourages an inclusive understanding and communication of the outcomes associated with a property management system. As additional standards are added, comparisons on this basis to other property management systems can be further enabled.
This practice, in combination with Practice E 2279, may provide an enhanced basis for making decisions surrounding both property and property management systems.
This practice is intended to foster and enable additional standard practices related to or based on the terms and concepts in the outcomes and outcome components.
In particular, this practice may suggest a standard for personal and management skills useful in efforts to achieve these outcomes.
SCOPE
1.1 This practice describes expected outcomes associated with a property management system. It is a measure of achievement rather than process, and is descriptive rather than prescriptive.
1.2 Outcomes are defined as information, events, objects, or states of being produced as a result or consequence of a plan, process, accident, effort, or other similar action or occurrence.
1.3 An output measure is the tabulation, calculation, or recording of activity or effort and can be expressed in a quantitative or qualitative manner.  
1.4 An outcome measure is an assessment of the results of a program activity compared to its intended purpose.
1.5 Consistent with Practice E 2452, these outcomes are grouped into process management outcomes and operational outcomes.  
1.5.1 Although they may be directly related, strategies and tactics should not be confused with outcomes. Strategies are long-term plans of action designed to achieve a particular goal. Tactics are maneuvers or actions calculated to achieve some end. For example, increasing exercise is a strategy to attain the goal or outcome of fitness. Running is a supporting tactic to achieve the goal or outcome of fitness. Other tactics or groups of tactics may achieve the same outcome. On the other hand, as the definition of outcome indicates, tactics are not required for attaining outcomes. For example, fitness may be an unplanned result of a job requiring physical exertion.
1.6 This practice describes the outcomes at a high level, with limited discussion of each outcome or components of each outcome. The intent is to provide a framework for current and potential additional standards. A cross reference relating current standards to the outcomes is provided in Section 5.  
1.7 The outcomes further described in Section 5, are listed in the following:
1.7.1 Process Management Outcomes:
1.7.1.1 Outcome 1—Mission Support
1.7.1.2 Outcome 2—Accounting and Accountability
1.7.1.3 Outcome 3—Information Management  
1.7.1.4 Outcome 4—Planning
1.7.1.5 Outcome 5—Relationships
1.7.2 Operational Outcomes:
1.7.2.1 Outcome 6—Property Functionality
1.7.2.2 Outcome 7—Resource Optimization
1.7.2.3 Outcome 8—Property Visibility
1.7.2.4 Outcome 9—Safety and Security
1.7.2.5 Outcome 10—Installation, Movement, and Storage
1.8 In Section 5, a rating scale is provided to quantify in a uniform manner achievement of outcomes and outcome components.
1.9 This practice, in combination with Practice E 2279, clarifies and enables effective and efficient control and tracking of property and may provide an enhanced basis for making decisions surrounding both property and property management systems.
1.10 This practice is intended to be applicable and appropriate for all property-holding entities.
1.11 This practice covers tangible property as defined in Terminology E 2135. Consistent with the nomenclature used, individual portions of the pract...

SIGNIFICANCE AND USE
This practice establishes a standard equipment control methodology to aid in requirements determination and communication with the end goal of the promulgation of safe, secure, cost effective, and risk appropriate control and tracking methodologies.
The ECCs provide standard classes for equipment based on control and tracking requirements for the equipment.
The ECLs provide standard names and definitions for existing equipment control practices.
The ECM relates the equipment control classes to the equipment control levels, providing a baseline for determination of safe, secure, risk appropriate, and cost effective control and tracking of various classes of equipment.
This practice encourages an inclusive understanding and communication of the control and tracking of equipment and enables meaningful discussion between parties with interest in the equipment.
This practice is intended to foster and enable additional standard practices related to or based on these terms and concepts.
SCOPE
1.1 This practice describes equipment control classes (ECCs), equipment control levels (ECLs), and their relationships.
1.2 This practice is intended to be applicable and appropriate for all equipment-holding entities.
1.3 This practice covers property categorized as equipment. Equipment as defined in Terminology E 2135 is non-expendable, tangible moveable property needed for the performance of a task or useful in effecting an obligation.
1.4 This practice can be applied to an individual item of equipment, to groupings of equipment, or to all or a subset of an entity's equipment.
1.5 In accordance with the provisions of Practice E 2279, this practice clarifies and enables effective and efficient control and tracking of equipment.
1.6 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety and health practices and determine the applicability of regulatory limitations prior to use.

SIGNIFICANCE AND USE
The API is a metric used to communicate the relative importance of equipment in terms of mission criticality, security, or other measures important to the business entity. It offers a method for ranking assets based on judgment/importance factors defined by the organization, creating information to justify compelling arguments for investment, security strategies, and disposition plans.  
API also provides a quantitative basis for determining and documenting operational relationships between an asset portfolio and business objectives capital investment strategies, deferred maintenance approaches, security design and analyses, continuity of business/risk analyses, and disposition decisions.
It enables management to identify critical assets and allocate resources appropriately and should therefore be an integral process in equipment management.
SCOPE
1.1 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 prioritize asset resources based on predefined criteria.
1.2 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.
1.3 The API model is designed to be applicable and appropriate for entities holding equipment designated as capital assets.
1.4 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 projects many unique aspects. The word "Standard" in the title means only that the document has been approved through the ASTM International consensus process.

SCOPE
1.1 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.
1.2 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.
1.3 The API model is designed to be applicable and appropriate for entities holding equipment designated as capital assets.
1.4 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 projects many unique aspects. The word "Standard" in the title means only that the document has been approved through the ASTM International consensus process.

SCOPE
1.1 This practice covers a process for the assessment and reporting of an entitys overall equipment management process maturity (EMPM).
1.2 The highest value is placed on continuous improvement as reflected in measured increases in maturity over time.
1.3 The EMPM model is designed to be applicable and appropriate for all equipment-holding entities, however, the EMPM may not be the only acceptable assessment model available.
1.4 It includes all aspects of equipment management.
1.5 In addition to applicability to equipment and equipment management as defined in this practice, this practice may in whole or in part be effectively applied to intangible property, real property, and material.
1.6 There is great variation across organizations regarding the internal departments that accomplish the various aspects of equipment management. Thus, all criteria are not applicable to all entities.
1.7 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety and health practices and determine the applicability of regulatory limitations prior to use.

SCOPE
1.1 This practice covers a process for the assessment and reporting of an entitys overall equipment management process maturity (EMPM).
1.2 The highest value is placed on continuous improvement as reflected in measured increases in maturity over time.
1.3 The EMPM model is designed to be applicable and appropriate for all equipment-holding entities, however, the EMPM may not be the only acceptable assessment model available.
1.4 It includes all aspects of equipment management.
1.5 In addition to applicability to equipment and equipment management as defined in this practice, this practice may in whole or in part be effectively applied to intangible property, real property, and material.
1.6 There is great variation across organizations regarding the internal departments that accomplish the various aspects of equipment management. Thus, all criteria are not applicable to all entities.
1.7 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety and health practices and determine the applicability of regulatory limitations prior to use.

SCOPE
1.1 This practice covers the creation of a set of guiding principles to be used when establishing a formal training and development program for professional employees engaged in the practice of property management.
1.2 This practice sets forth the consensus of the personal property management profession with regard to the requirements for a Personal Property Career Development (PPCD) program.
1.3 The acceptance of this practice by the profession has the potential to encourage a broader and higher level of thinking by its practitioners, reinforce 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.
1.4 The PPCD program establishes the recommended education, training, and experience requisites necessary for property management organizations to adequately support the missions and objectives of organizations operating in or encouraging domestic and global commerce.
1.5 The PPCD program is predicated on three levels of professional certification based on a combination of academic course work and professional experience.
1.6 The standard is written to recognize that there are numerous educational providers of courses that may satisfy the career development objectives articulated under this standard. It is the responsibility of each organization which adopts this standard to confirm the appropriateness of any specific course offering.
WITHDRAWN RATIONALE
This practice covers the creation of a set of guiding principles to be used when establishing a formal training and development program for professional employees engaged in the practice of property management.
Formerly under the jurisdiction of Committee E53 on Property Management Systems, this practice was withdrawn in January 2013 in accordance with section 10.5.3.1 of the Regulations Governing ASTM Technical Committees, which requires that standards shall be updated by the end of the eighth year since the last approval date.