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Asset
An integrated assembly of multiple physical components, which requires periodic maintenance, repair and eventual renewal.



Types of Assets
Assets can be classified in a variety of different ways.



Classifications
Listed below are some useful distinctions used in the asset management field.




By System
Assets with each system:

Visual array of a variety of different kinds of building assets
Fig. Simple array of a variety of different kinds of building assets.


The hierarchy of assets as contemplated in the ISO 55001 standard for asset management.The detailed asset classification scheme and granularity is determined by the organization's objectives and nature of the assets.
Fig. The hierarchy of assets as contemplated in the ISO 55001 standard for asset management. The detailed asset classification scheme and granularity is determined by the organization's objectives and nature of the assets.


Comparison of the ratios of linear assets (L), vertical assets (V) and portable assets (P) at different organizations, resulting in the L-V-P mix.
Fig. Comparison of the ratios of linear assets (L), vertical assets (V) and portable assets (P) at different organizations, resulting in the L-V-P mix.


The typical number of assets in different types of residential buildings.
Fig. The typical number of assets in different types of residential buildings.


Call-outs of a variety of assets to illustrate their relative locations on a building class
Fig. Call-outs of a variety of assets to illustrate their relative locations on a building class.


Chessboard analogy to illustrate misuse and abuse as one of the forces of retirement impacting upon the assets in a building
Fig. Chessboard analogy to illustrate the forces of retirement impacting upon the assets in a building.


The triad of L-V-P asset: Linear (L), Vertical (V) and Portable (P)
Fig.  The triad of L-V-P asset: Linear (L), Vertical (V) and Portable (P).



I. Care trying to integrate the linear assets (L), vertical assets (V), portable assets (V) and natural assets (N) in his portfolio
Fig. I. Care trying to integrate the linear assets (L), vertical assets (V), portable assets (V) and natural assets (N) in his portfolio.


I. Care is piecing together the different interconnected systems, assets and components of his building
Fig. I. Care is piecing together the different interconnected systems, assets and components of his building.


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