Basic (Core) Asset Management

Asset management which relies primarily on the use of an asset register, maintenance management systems, job & resource management, inventory control, condition assessment, simple risk assessment and defined levels of service, in order to establish alternative treatment options and long term cash flow predictions. Priorities are usually established on the basis of financial return gained by carrying out the work (rather than detailed risk analysis and optimised decision making). (Source: International Infrastructure Management Manual – Ver.3.0 2006).