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Unbounded Asset

Those assets that are not regulated for safety, environmental protection, or other factors in the public interest. 


Attributes
Unbounded assets may have the following attributes:


Examples
The primary examples of unbounded assets are the following:

  • Interior finishes
  • Exterior landscaping. 

Management
Although an asset may not be bounded, the consequences of failure (CoF) may still be high and the owners may still need to adhere to the principals of non-discretionary maintenance.
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Fig. Furniture and artwork are not bounded assets.

See also:
Compare with:


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