Podcast
Questions and Answers
What is the primary focus of asset management standards such as EN 16646:2014?
What is the primary focus of asset management standards such as EN 16646:2014?
- Asset valuation techniques
- Improvement of financial reporting
- Maintenance within physical asset management (correct)
- Development of new construction technologies
Which of the following is NOT a reason for the growing interest in physical asset management?
Which of the following is NOT a reason for the growing interest in physical asset management?
- Aging of asset systems
- Technological advancements in asset tracking (correct)
- Growth in capital intensity
- Increased safety requirements
According to ISO 55000, how is an 'asset' defined?
According to ISO 55000, how is an 'asset' defined?
- A legal document pertaining to property rights
- Any construction material used in building
- A technology used for asset management
- An entity that holds potential or actual value to an organization (correct)
What does the ISO 55000 framework primarily focus on?
What does the ISO 55000 framework primarily focus on?
Which international standard provides guidance on the alignment of financial and non-financial functions in asset management?
Which international standard provides guidance on the alignment of financial and non-financial functions in asset management?
Which of the following does NOT represent a type of value associated with assets?
Which of the following does NOT represent a type of value associated with assets?
What is one of the main pressures leading organizations to improve their asset management practices?
What is one of the main pressures leading organizations to improve their asset management practices?
What aspect of asset management does EN 17485 focus on?
What aspect of asset management does EN 17485 focus on?
What does a user represent in the context of a product's life cycle?
What does a user represent in the context of a product's life cycle?
What types of performance are buildings usually classified into?
What types of performance are buildings usually classified into?
Which of the following is a requirement of the Construction Products Regulation (CPR)?
Which of the following is a requirement of the Construction Products Regulation (CPR)?
In the context of products, what does 'need' refer to?
In the context of products, what does 'need' refer to?
What is an unintended product example?
What is an unintended product example?
What does the term 'product' encompass according to the provided content?
What does the term 'product' encompass according to the provided content?
Which statement accurately describes the Building performance?
Which statement accurately describes the Building performance?
What is one of the purposes of the Construction Products Regulation (CPR)?
What is one of the purposes of the Construction Products Regulation (CPR)?
What is one key aspect the construction works should not threaten throughout their life cycle?
What is one key aspect the construction works should not threaten throughout their life cycle?
Which of the following emissions are related to health and environmental concerns in construction?
Which of the following emissions are related to health and environmental concerns in construction?
What type of noise levels should construction works aim to prevent?
What type of noise levels should construction works aim to prevent?
What type of construction risks must be mitigated for safe use?
What type of construction risks must be mitigated for safe use?
Which of the following is NOT a concern for the water quality impacted by construction works?
Which of the following is NOT a concern for the water quality impacted by construction works?
In designing construction works, which group should accessibility considerations especially include?
In designing construction works, which group should accessibility considerations especially include?
What types of emissions should construction activities be designed to minimize into the air?
What types of emissions should construction activities be designed to minimize into the air?
Which of the following is a requirement for the safety of construction works?
Which of the following is a requirement for the safety of construction works?
What is defined as a physical setting used to serve a specific purpose?
What is defined as a physical setting used to serve a specific purpose?
Which term describes the performance of a facility to support required functions under specified use conditions?
Which term describes the performance of a facility to support required functions under specified use conditions?
What does the term 'serviceability' indicate?
What does the term 'serviceability' indicate?
What is a requirement that indicates the type and level of functionality needed by stakeholders for a facility?
What is a requirement that indicates the type and level of functionality needed by stakeholders for a facility?
Which statement best describes an asset in the context of construction?
Which statement best describes an asset in the context of construction?
What encapsulates both the physical objects and their uses within a facility?
What encapsulates both the physical objects and their uses within a facility?
What is the main purpose of assessing building performance?
What is the main purpose of assessing building performance?
What does the term 'demand' refer to in the context of a facility?
What does the term 'demand' refer to in the context of a facility?
Which of the following is NOT considered a type of asset for asset management purposes?
Which of the following is NOT considered a type of asset for asset management purposes?
What does 'asset management decisions' primarily enable within an organization?
What does 'asset management decisions' primarily enable within an organization?
Which factor is NOT listed as influencing the type of assets an organization requires?
Which factor is NOT listed as influencing the type of assets an organization requires?
What is an example of a critical asset?
What is an example of a critical asset?
What is meant by 'need' in the context of asset management?
What is meant by 'need' in the context of asset management?
Which process is essential for transforming organizational objectives into asset management plans?
Which process is essential for transforming organizational objectives into asset management plans?
Which of the following types of assets directly relates to technology management?
Which of the following types of assets directly relates to technology management?
Which statement best describes the operating context of an organization as an influencing factor for asset types?
Which statement best describes the operating context of an organization as an influencing factor for asset types?
What should a good Output Specification reflect?
What should a good Output Specification reflect?
What is a key characteristic of an effective Output Specification?
What is a key characteristic of an effective Output Specification?
How does an Output Specification assist bidders?
How does an Output Specification assist bidders?
Which of the following statements qualifies as an output in the context of Output Specifications?
Which of the following statements qualifies as an output in the context of Output Specifications?
What is NOT considered an output based on the examples provided?
What is NOT considered an output based on the examples provided?
What is the primary purpose of an Output Specification in a public-private partnership?
What is the primary purpose of an Output Specification in a public-private partnership?
Why is the statement 'The school should have a 24-hour security patrol' not an output?
Why is the statement 'The school should have a 24-hour security patrol' not an output?
Which factor should be avoided in the creation of Output Specifications?
Which factor should be avoided in the creation of Output Specifications?
Flashcards
Asset Types
Asset Types
Categories of assets with similar traits used for asset management purposes.
Physical Assets
Physical Assets
Physical objects owned or controlled by an organization, such as buildings, equipment, and vehicles.
Information Assets
Information Assets
Digital information critical to organizational operations like data, software, and systems.
Financial Assets
Financial Assets
Signup and view all the flashcards
Intangible Assets
Intangible Assets
Signup and view all the flashcards
Critical Assets
Critical Assets
Signup and view all the flashcards
Information Technology (I.T.) Assets
Information Technology (I.T.) Assets
Signup and view all the flashcards
Infrastructure Assets
Infrastructure Assets
Signup and view all the flashcards
Asset
Asset
Signup and view all the flashcards
Asset Management
Asset Management
Signup and view all the flashcards
Asset Management System
Asset Management System
Signup and view all the flashcards
ISO 55001
ISO 55001
Signup and view all the flashcards
Performance Assessment
Performance Assessment
Signup and view all the flashcards
Risks
Risks
Signup and view all the flashcards
Capital Intensity
Capital Intensity
Signup and view all the flashcards
Maintenance
Maintenance
Signup and view all the flashcards
User
User
Signup and view all the flashcards
Product
Product
Signup and view all the flashcards
Need
Need
Signup and view all the flashcards
Building Performance
Building Performance
Signup and view all the flashcards
Environmental Performance
Environmental Performance
Signup and view all the flashcards
Technological Performance
Technological Performance
Signup and view all the flashcards
Construction Products Regulation (CPR)
Construction Products Regulation (CPR)
Signup and view all the flashcards
CPR Essential Requirements
CPR Essential Requirements
Signup and view all the flashcards
Output Specification
Output Specification
Signup and view all the flashcards
User’s Needs
User’s Needs
Signup and view all the flashcards
Output Statement
Output Statement
Signup and view all the flashcards
Input Statement
Input Statement
Signup and view all the flashcards
User Requirements
User Requirements
Signup and view all the flashcards
Clarity and Conciseness
Clarity and Conciseness
Signup and view all the flashcards
Bidder Information
Bidder Information
Signup and view all the flashcards
Flexibility in Execution
Flexibility in Execution
Signup and view all the flashcards
Sustainable Construction
Sustainable Construction
Signup and view all the flashcards
Toxic Gas Emission
Toxic Gas Emission
Signup and view all the flashcards
Air Pollution
Air Pollution
Signup and view all the flashcards
Water and Soil Contamination
Water and Soil Contamination
Signup and view all the flashcards
Drinking Water Safety
Drinking Water Safety
Signup and view all the flashcards
Safety in Use
Safety in Use
Signup and view all the flashcards
Noise Reduction
Noise Reduction
Signup and view all the flashcards
Accessibility for Disabled Persons
Accessibility for Disabled Persons
Signup and view all the flashcards
Facility
Facility
Signup and view all the flashcards
Functional Performance
Functional Performance
Signup and view all the flashcards
Functional Performance Requirement
Functional Performance Requirement
Signup and view all the flashcards
Level of Serviceability
Level of Serviceability
Signup and view all the flashcards
Demand
Demand
Signup and view all the flashcards
Study Notes
Course Information
- Course: MSc "Management of Built Environment"
- Topic: Technical Assessment of Built Environment
- Professor: Giancarlo Paganini
Asset Management
- Asset management is crucial for organizational success.
- International standards exist for asset management (EN 16646:2014, EN 17485, PDSO/TS 35010:2019, ISO 35002:2018, ISO 5001, PDEC/TS 62775:2016, ISO 35001:2014, ISO 35000:2014).
Reasons for Interest in Physical Asset Management
- Growing financial, safety and environmental risks.
- Increased capital intensity in various industries.
- Pressure for higher profitability and returns on assets.
- Aging asset systems.
- Heightened safety and environmental considerations.
Terminology (ISO 55000)
- "Asset" is something with potential or actual value to an organization.
- Value can be tangible or intangible, financial or non-financial.
- Asset types are grouped by common characteristics.
- Examples of asset types include physical, information, financial, intangible, critical, information technology, infrastructure, movable and human assets.
Built/Constructed Assets
- Factors influencing asset type and management: organizational nature/purpose, operating context, financial/regulatory constraints, stakeholder needs/expectations.
- Asset management decisions (technical, financial, operational) are crucial for achieving organizational objectives.
- This involves implementing risk-based, information-driven planning and decision-making.
- It involves integrating asset management processes with functional management processes (finance, HR, IT, logistics, operations).
Terminology (Need, User, Product)
- Need: What is necessary or desired by the user. Existing or potential.
- User: Any person or organization exploiting a product's function during its lifecycle. External or internal.
- Product: Outcome of activities, processes, or combination of service, hardware, materials, software. Tangible or intangible.
Terminology (Building Performance)
- Need: What is required for the proper conduct of a user activity.
- Building performance is the real behavior of a building system.
- Building performance is classified into environmental and technological performance.
CPR EU 305/2011
- The CPR lays down harmonized rules for the marketing of construction products in the European Union.
- It introduces a common technical language to assess the performance of construction products.
- It ensures professionals, public authorities, and consumers can compare products from various manufacturers.
CPR Essential Requirements
- 1. Mechanical Resistance and Stability: The construction must not collapse, deform excessively, or damage other parts from loadings during construction or use.
- 2. Safety in Case of Fire: The construction should sustain load-bearing capacity for a set time, limit fire/smoke spread, limit spread to neighbouring structures, enable occupant evacuation, ensure rescue team safety.
- 3. Hygiene, Health and the Environment: The design and construction must not threaten hygiene/health of workers/occupants/neighbours and must not have a disproportionate impact on the environment or climate.
- 4. Safety and Accessibility in Use: The construction should not present unacceptable risks of accidents/damage during service or operation (slipping, falling, collisions). Accessibility should be considered for disabled persons.
- 5. Protection Against Noise: Noise levels must not negatively impact occupant health and well-being.
- 6. Energy Economy and Heat Retention: The construction should be energy efficient during operation, construction and dismantling.
- 7. Sustainable Use of Natural Resources: The construction should use natural resources sustainably, prioritize reuse/recyclability of materials after demolition and use environmentally compatible materials.
User's Needs
- Serviceability: The capability of a building, component, or assembly to perform its intended function.
- Evaluation: Part of a performance statement, defining methods for assessing conformance to established criteria.
- User needs should be expressed as technical and performance specifications.
- Output Specifications are the basis for local authorities/stakeholders to define outputs/results in terms of needs, rather than methods.
- A good Output Specification should reflect actual needs, be clear, concise, and unambiguous, and provide potential bidders sufficient information for decision-making.
Term Definitions (ISO 15686-10)
- Asset: Whole building, structure, unit of construction works, or part thereof.
- Demand: Requirement for functional performance of a facility.
- Facility : Physical setting for a specific purpose (part of a building, a whole building).
- Functional Performance: A facility's ability to support its intended function(s) during use.
- Functional Performance Requirement: Detailed requirements for the level of functionality.
- Level of Serviceability: Numerical rating of a facility's capability for a user group.
Performance Assessment and Building Life Cycle
- A cyclical process with interconnected elements (business objectives, asset/facility management objectives, asset/facility management practices, building performance, building assets).
- Performance facets include economic metrics, functional metrics, physical metrics, service metrics, and environmental metrics.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
Test your knowledge on the principles of asset management within the built environment. This quiz explores international standards, reasons for asset management interest, and terminology as defined by ISO 55000. Understand the significant aspects of managing physical assets for organizational success.
