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Name: Asset Management Concept Model
Acronym:
Type: Glossary Item
Asset Management Concept Model

Definition:
The Asset Management Concept Model documents the basis of asset management. The model’s intent is to serve as a conceptual framework from which the foundational elements of asset management can be identified, documented and implemented. The Asset Management Concept Model consists of four key principles, connected by a set of processes within which a Plan Do Check Act approach is implemented. These are encased by a 'Stakeholder Circle'.




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