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Physical Deterioration/
Physical Condition

One of three types of "condition" contemplated in asset management: a) physical condition; b) demand condition; c) functional condition.


Causes of Deterioration

Loss in the value of assets due to exposure to elements and wear & tear associated with their storage and use.  

The degradation of the facility, its systems and its assets as a result of exposure to:
  • Action of the elements,
  • Wear & tear, and other
  • Environmental factors.
The gradual degradation of assets over their design life.
Fig. The gradual degradation of assets over their design life.

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