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Asset Integrity Management Systems (AIMS) outline the ability of an asset to perform its required function effectively and efficiently whilst protecting health, safety and the environment and the means of ensuring that the people, systems, processes, and resources that deliver integrity are in place, in use and will perform when required over the whole life-cycle of the asset.
Integrity Management Plan (part of an asset integrity management system) is a documented and systematic approach to ensure the long-term integrity of an asset or assets. [1] Integrity management planning is a process for assessing and mitigating risks in an effort to reduce both the likelihood and consequences of incidents.
Asset protection (sometimes also referred to as debtor-creditor law) is a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from civil money judgments. The goal of asset protection planning is to insulate assets from claims of creditors without perjury or tax ...
Buildings are subject to many different risks while under construction. They may catch fire, be damaged by high winds, or fall victim to other force majeure.A principle of common law is that any new construction or other improvement to land becomes property of the owner of the land – the title holder – once there has been an "improvement" to the owner's site.
Enabling an effective handover of information from design and construction (including via IFC or COBie) can thus yield benefits to the facility owner or operator. [47] BIM-related processes relating to longer-term asset management are also covered in ISO-19650 Part 3. [30] For example, a building owner may find evidence of a water leak in a ...
Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastructure, buildings or equipment) and to intangible assets (such as intellectual property, goodwill or financial assets).
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Hence, asset management is a comprehensive approach in handling an immense portfolio of public and private capital stock. As example, in 2009, the IBM Maximo software was adopted to manage the maintenance of rolling stock and facilities for three railway systems: the Long Island Rail Road, San Francisco BART system, Washington metrorail. [10]