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An Asset Condition Inspection is an inspection carried out on an asset to determine its condition.
Types of inspections:
There are two main types of asset condition inspections.
Defect / hazard inspections designed to determine the need for maintenance and/or temporary works.
More detailed overall asset condition inspections designed to assess the overall condition of an asset and determine its remaining useful life.
Defect / hazard inspections are typically carried out on a more frequent basis than overall asset condition inspections, but in both cases the inspection frequency may depend on the classification of the asset within a hierarchy.
LGAM
A plan developed for the management of one or more
infrastructure assets that combines multi-disciplinary
management techniques (including technical and
financial) over the lifecycle of the asset in the most costeffective
manner to provide a specified level of service.
A significant component of the plan is a long-term cashflow projection for the activities.
IIMM
An Asset Management Plan (AMP) is a plan developed for the management of one or more infrastructure asset classes with a view to operating, maintaining and renewing the assets within the class in the most cost effective manner possible, whilst providing a specific level of service."
LGAM
Asset Management Plan
is developed for the management of
Asset Class