|O & M||
Operation & Maintenance
Office of the Premier
The active process of utilising an asset which will consume resources such as human, utilities and materials. Operation costs are part of the life cycle costs of an asset. (Source: International Infrastructure Management Manual – Ver. 3.0 2006).
|Optimised Decision Making (ODM)||
A formal process to identify and prioritise all potential solutions with consideration of financial viability, social and environment responsibility and cultural outcomes. (Source: International Infrastructure Management Manual – Ver. 3.0 2006).
Organisation Support Plan
Expenditure in excess of a voted (sanctioned) amount or a main division of a vote. (Source: Adapted from the Finance Management Act of 1999).