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L-V-P Ratios 
The distribution of costs across the three classes of assets known as:


Evaluation
The LVP method of asset classification has the following merits and advantages:
  • It is comprehensive in the way it captures all types of built assets.
The LVP method of asset classification has the following limitations:
  • It needs to interface appropriately with natural assets (N)


Management Principles
The LVP method of asset classication has the following management concepts:


L-V-P is intended to apply only to human-made assets as part of the built-environment. The natural assets (eg. streams, lakes, trees, and other such resources) can possibly be subsumed together with the unnatural assets (linear, vertical and portable) under the overarching umbrella of physical assets.
Comparison of the LVP asset ratios at different organizations
Fig. Comparison of the L-V-P asset ratios at different organizations.


L-V-P ratios for a sample municipal portfolio, where linear assets represent the largest of the three asset classes
Fig. L-V-P ratios for a sample municipal portfolio, where linear assets represent the largest of the three asset classes.


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


Comparison of the L-V-P Ratios across different real estate sectors
Fig. Comparison of the L-V-P Ratios across different real estate sectors.


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.


I. Care trying to integrate the linear assets, vertical assets and portable assets in his portfolio.
Fig. I. Care trying to integrate the linear assets, vertical assets and portable assets in his portfolio.


Natural assets (N) as part of the N-L-V-P asset classification scheme in a municipal setting
Fig. Natural assets (N) as part of the N-L-V-P asset classification scheme in a municipal setting.

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Asset hierarchy extending acorss all asset classes
Fig. Asset hierarchy extending across all asset classes, including natural assets and built assets.

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