ASTM International - ASTM E2495-18

Standard Practice for Prioritizing Asset Resources in Acquisition, Utilization, and Disposition

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Organization: ASTM International
Publication Date: 1 July 2018
Status: active
Page Count: 8
ICS Code (Company organization and management in general): 03.100.01
significance And Use:

5.1 The API is a metric used to communicate the relative importance of assets in terms of mission criticality, security, or other measures important to the entity. It establishes a basis for... View More

scope:

1.1 The asset priority index (API) establishes a quantitative process for prioritizing asset resources in acquisition, utilization, and disposition.

1.2 In addition to the applicability of moveable and durable assets as defined in this practice, this methodology is similarly used in the analysis of investments in buildings and building systems (see Practice E1765).

1.3 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 nor 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 project's many unique aspects. The word "Standard" in the title means only that the document has been approved through the ASTM International consensus process.

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 E2495-18
July 1, 2018
Standard Practice for Prioritizing Asset Resources in Acquisition, Utilization, and Disposition
1.1 The asset priority index (API) establishes a quantitative process for prioritizing asset resources in acquisition, utilization, and disposition. 1.2 In addition to the applicability of moveable...
January 1, 2013
Standard Practice for Prioritizing Asset Resources in Acquisition, Utilization, and Disposition
1.1 The asset priority index (API) establishes aquantitativee process for prioritizing asset resources in acquisition, utilization, and disposition to provide entities with a proven methodology to...
February 1, 2007
Standard Practice for Prioritizing Asset Resources in Acquisition, Utilization, and Disposition
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...
July 1, 2006
Standard Practice for Asset Utility
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...
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