Work performed on an asset to sustain the delivery of a specified level of service.

An activity is the work undertaken on an asset or group of assets to achieve a desired outcome. IIMM

A complex comprising many assets (e.g. a hospital, water treatment plant, recreation complex, etc.) which represents a single management unit for financial, operational, maintenance or other purposes.

IIMM

A facility is a group of assets located within a designated area that are associated in some way.

LGAM

Facility - A group of assets that provides a function or service (e.g. pump station, reservoir, treatment plant, reticulation system). Facility - A complex of assets (e.g. a hospital, water treatment plant, sporting complex) that represents a single management unit for financial, operational, maintenance or other purposes.

DERM

The complete replacement of an asset that has reached the end of its life, so as to provide a similar, or agreed alternative, level of service.

IIMM

Replacement is the complete replacement of an asset that has reached the end of its life. so as to provide a similar or agreed alternative level of service.

LGAM

Complete removal and use of another item in place of an asset that has reached the end of its life, so as to provide a similar or agreed level of service.

DERM