Glossary

From Asset Management Council Wiki

Asset Mangement Glossary

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A

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Acquisition	Activity	Activity Based Costing
Actuarial Analysis	Applications Parts List	Appointed Person
Approve	Asset	Asset Management
Asset Management Information System	Asset Management Plan	Asset Management Strategy
Asset Register	Asset Replacement Value	Asset Solution
Audit	Authorize	Availability

B

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Balanced Score Card	Benchmarking	Benefit-Cost Ratio
Best Practice	Backlog	Best Practice
Building Services	Breakdown	Breakdown Maintenance
Business Plan	Business Process

C

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Capability	Capability Assurance	Current Value
Capacity Utilisation	Computer Support	Cash Flow
Concept Exploration and Validation	Causes	Components
Clearance	Concept	Condition Based Maintenance
Condition Monitoring	Conditional Probability Of Failure	Create/Dispose
Current Replacement Value	Culture	Continuous Improvement
Current Asset	Consequence	Corrective Maintenance
Cost Of Ownership

D

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Demand Analysis	Delay	Demand Management
Disposal	Depreciation	Design
Defect	Design Out Maintenance	Deviation
Discount Factor	Discount Rate	Discounting
Due Diligence

E

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Economic Life	Economic Value Added	Efficiency
Engineering Change	Emergency Corrective Maintenance	Engineering Spares
Equipment Integrity	Enterprise Resource Planning	Enterprise Resource Planning
Equivalent Annual Cost	Event Tree Analysis	Estimated Plant Replacement Value

F

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Facilities Audit	Facilities Management	Facility
Failure	Function	Failure Consequences
Functional Failure	Failure Finding Task	Failure Mode
Failure Modes and Effect Criticality Analysis	Failure Modes And Effects Analysis	Failure Modes And Effects Criticality Analysis
Functional Testing	Fault Tree Analysis	Financial Management

G

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H

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Hazard

Hard Time Maintenance

Hidden Failure

Hurdle Rate

I

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Inherent Reliability	Infant Mortality	Inflation Rate
Integrated (Logistics) Support	Instruction	Integrated Support
Internal Rate Of Return

J

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Just In Time

K

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Key Performance Area

Key Performance Indicators

L

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Leadership	Learning Organization	Logistic Support Analysis
Level Of Service	Life Cycle Cost Analysis	Life (Measure Of Life)
Life Cycle	Life Extending Task	Life Cycle Cost

M

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Maintainability	Maintenance	Maintenance Planning
Maintenance Management	Manuals and Training	Maintenance Manual
Maintenance Plan	Maintenance Policy	Maintenance Priorities
Maintenance Program	Maintenance Standards	Maintenance Service Criteria
Maintenance Task	Market Value	Metrics
Modification

N

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Needs Definition	Net Present Value	Non-Tactical Maintenance
Non Asset Solution

O

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Ometa Pentagram	Open Data Base Connectivity	Operate To Failure
Operating Context	Operations Management	Output
Operations Planning

P

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Payback Period	Penalty/Opportunity Costs	Packaging Handling Storage and Transport
Physical Asset	Performance Monitoring	Performance Rate
Periodic Maintenance	Permit To Work	Process Change
Process Audit	Process Monitoring	Project Management
Potential Failure Interval	Preventative Maintenance	Potential Failure
Primary Function	Procedure	Process
Productivity	Project Life Cycle	Programmed Maintenance
Protective Device

Q

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Quality Assurance

Quality Control

Quality Management

R

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Reliability	Reliability Block Diagram	Reengineering
Repair	Replacement	Rehabilitation
Residual Value	Responsible Person	Restoration
Return On Assets	Return On Assets	Return On Equity
Return On Net Assets	Risk	Risk Analysis
Risk Based Maintenance	Risk Factors	Risk Management
Run To Failure	Rotable Components/Equipment	Renewal

S

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Support Equipment and Facilities	Scheduled Maintenance	Sanitary
Secondary Function	Sensitivity Analysis	Service Maintenance
Stock Code	Six Sigma (6-S)	Skilled Person
Specification	Stakeholder	Standard Job/Task
Support Analysis	Support	Supportability
Systems Engineering

T

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Thermography	Total Cost Of Ownership	Terotechnology
Total Productive Maintenance	Tribology	Total Maintenance
Task	Task Analysis

U

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Usage Based Maintenance

Useful Life

V

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Validation	Valuation	Value Engineering
Verification	Vibration Analysis

W

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Work In Progress

Work Order

Work Request