Definitions and Key Terms
It is important to establish key terms that are used throughout the Guide. While many of these terms have multiple or nuanced definitions, the definitions listed here are the assumed meanings used in the context of this Guide.
Indicators that track progress toward goals and objectives. Used to establish targets and assess progress toward achieving…
Interval-Based Maintenance Management
A maintenance approach in which maintenance activities are scheduled at specific time intervals based on an analysis of as…
A role in guiding an organization that emphasizes empowerment and communicates the potential benefits that motivate change…
Indicators that track progress toward goals and objectives. Used to establish targets and assess progress toward achieving…
A process to estimate the cost of managing an asset class, or asset sub-group over its life with consideration for minimiz…
A standard, documented approach, resulting from LCP, that applies maintenance, preservation, and capital investment action…
Linear Referencing System (LRS)
Linear referencing is a method for storing and managing geospatial information along a linear feature, with positional loc…
Activities that are undertaken to prevent or address defects or usage effects that, if carried out, help ensure the asset …
The desired performance established for an asset in terms of a measure that can be used to track the effectiveness of main…