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Condition
The "state" of an asset.


Types of Condition States 
There are three types of asset condition contemplated in the field of asset management:
  • Physical Condition – an asset's degradation and deterioration in terms of its physical elements.
  • Demand Condition – an asset's current capacity to meet current and future demand.
  • Functional Condition – an asset's ability to meet all program/service delivery needs in a fully efficient and effective manner.
The state of an asset and its ability to meets its design function and expected utility and performance.



Measuring Condition



Managing Condition



 The gradual degradation of assets over their design life.
Fig. The gradual degradation of assets over their design life.

See also:


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