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Name: Ageing Assets Strategy
Acronym:
Type: Glossary Item


Definition:
The activities undertaken by an organization to develop the appropriate interventions for assets approaching the end of their economic life.

Statement:

Context:    The activities may include an analysis of life extension options, future needs for the asset, costs of disposal and an assessment of the cost and risks of alternative interventions.




Resource:
  • Reference
    • The Asset Management Landscape ISBN 978-0-9871799-1-3

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