Name: |
Asset Management Concept Model
|
Acronym: | |
Type: |
Glossary Item |
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'.
Add Comment:
Please Login to leave a comment.