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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 ...
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]
The most important part of the CIP lifecycle is Phase 1. Because it is crucial to target the right assets for infrastructure protection, determining these assets is the first phase in the CIP life cycle. This phase, Analysis and Assessment, is the key and foundation of the seven lifecycle activities.
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).
It is applicable to the procurement of constructed assets and to any phase of the whole life cycle Building Process, such as strategic planning, asset management, briefing/programming, design and construction, operation and maintenance, management and use, renovations and alterations, codes, regulations and standards. It includes many topics ...
Layers of protection analysis (LOPA) is a technique for evaluating the hazards, risks and layers of protection associated with a system, such as a chemical process plant. . In terms of complexity and rigour LOPA lies between qualitative techniques such as hazard and operability studies (HAZOP) and quantitative techniques such as fault trees and event trees.
Eliminating hazards and substituting safer alternatives can be challenging to implement within existing processes. These strategies are most effective when applied during the design or development phases of a workplace, tool, or procedure. At this stage, they often represent the most straightforward and cost-effective solutions.
Furthermore, the term public works has recently been expanded to include digital public infrastructure projects. For example, in the United States, the first nationwide digital public works project is an effort to create an open source software platform for e-voting (created and managed by the Open Source Digital Voting Foundation). [2]