Asset management
10 terms. Combine with other filters.
Start with these
Appointing party
The party that receives information about works, goods or services from a lead appointed party — usually the owner or client.
As-built drawings
Drawings, prepared from the contractor's marked-up site records, that show the work as actually constructed, including changes and field deviations from the design.
Information management
The set of processes for specifying, producing, checking, sharing, storing and handing over information about a built asset so that the right people have reliable information when they need it.
Operation and maintenance manual (O&M manual)
The handover documentation that tells the owner how to operate, maintain and repair the building's systems and equipment, including product data, maintenance schedules, warranties and contacts.
Going further
Asset information model (AIM)
The information model that supports the operation, maintenance and management of an asset during its operational phase.
Asset information requirements (AIR)
The information an appointing party needs about an asset to operate, maintain and manage it, specified so it can be delivered into the asset information model.
Digital twin
A digital representation of a physical asset, system or process that is connected to its real-world counterpart so that data flows between them and the representation stays current enough to support decisions.
Exchange information requirements (EIR)
The information requirements that an appointing party (or lead appointed party) sets for a specific appointment: what information is to be delivered, to what standard, when, and how it will be accepted.
Organizational information requirements (OIR)
The information an organization needs to meet its high-level business, strategic and regulatory objectives in relation to its built assets.
Project information requirements (PIR)
The information an appointing party needs to make its key decisions during the design and construction of a particular asset.