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Name: Asset Management Strategy
Acronym:
Type: Glossary Item


Definition:
The strategic objectives and approach to the management of the physical assets of the business that will be used to achieve the organizational strategic plan.

Statement:

Context:    Such strategies often incorporate a long-term optimized approach to management of the physical assets, and may include specific asset management objectives based upon scenario analyses that includes information on the expected economic, environmental and social performance of an organization's asset portfolio.

See Asset Management Plan




Resource:
  • Reference
    • The Asset Management Landscape ISBN 978-0-9871799-1-3

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