ASTM E2279 - 15 - Standard Practice for Establishing the Guiding Principles of Property Asset Management

ASTM E2279 - 15

Standard Practice for Establishing the Guiding Principles of Property Asset Management

Status : Current   Published : January 2015

Format
PDF

Format
HARDCOPY



1.1 This practice covers the creation of a set of guiding principles to be applied to the practice of property management. These principles will enunciate the objectives and intent of the property (also known as “asset”) management community, stress simplified procedures, promote less rather than more, judgment rather than “by-the-book” decisions, and encourage the adoption of “best practices.”

1.2 The acceptance of these guiding principles has the potential to foster a problem-solving mentality within the property management community, encourage 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.

1.3 The potential economic and practical benefits of operating in a manner consistent with a set of guidelines outweigh concerns about the loss of predictability, uniformity, and consistency.

1.4 The intent of this practice is to provide property management guidance for tangible personal property; however, many of the principles appropriately apply to other types of property.




Standard NumberASTM E2279 - 15
TitleStandard Practice for Establishing the Guiding Principles of Property Asset Management
StatusCurrent
Publication Date01 January 2015
Normative References(Required to achieve compliance to this standard)No other standards are normatively referenced
Informative References(Provided for Information)No other standards are informatively referenced
Descriptors Acquisition cost, Agency, Best value, Care and handling, Company, Impairment, Institution, Internal controls, Inventory, Materiality, Personal property, Property, Property management, Reasonable detail, Risk management
ICS03.100.01
PublisherASTM
FormatA4
DeliveryYes
Pages4
File Size69 KB
Price£36.00


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