Designation:E2135−10a(Reapproved2017)ϵ1StandardTerminologyforPropertyandAssetManagement1ThisstandardisissuedunderthefixeddesignationE2135;thenumberimmediatelyfollowingthedesignationindicatestheyearoforiginaladoptionor,inthecaseofrevision,theyearoflastrevision.Anumberinparenthesesindicatestheyearoflastreapproval.Asuperscriptepsilon(´)indicatesaneditorialchangesincethelastrevisionorreapproval.ε1NOTE—Section2wasupdatedandtermswereplacedinSection3editoriallyinMarch2019.1.Scope1.1Thisterminologycoverstraditionalpropertymanage-mentdefinitionsandsomeofthetermsintroducedinadditionalassetmanagementstandardsthatareusedmostoftenandconsideredmostimportant.Asnewstandardsaredeveloped,newtermswillbeaddedtothisterminologyinfuturerevisions.1.2Thisinternationalstandardwasdevelopedinaccor-dancewithinternationallyrecognizedprinciplesonstandard-izationestablishedintheDecisiononPrinciplesfortheDevelopmentofInternationalStandards,GuidesandRecom-mendationsissuedbytheWorldTradeOrganizationTechnicalBarrierstoTrade(TBT)Committee.2.ReferencedDocuments2.1ASTMStandards:2E2132PracticeforInventoryVerification:ElectronicandPhysicalInventoryofAssetsE2221PracticeforAdministrativeControlofProperty(Withdrawn2011)3E2306GuideforDisposalofPersonalPropertyAssetsE2452PracticeforEquipmentManagementProcessMatu-rity(EMPM)ModelE2453PracticeforDeterminingtheLife-CycleCostofOwnershipofPersonalPropertyE2495PracticeforPrioritizingAssetResourcesinAcquisition,Utilization,andDispositionE2499PracticeforClassificationofAssetLocationInforma-tionE2604PracticeforDataCharacteristicsofEquipmentAssetRecordE2606PracticeforReceiptNotificationasaResultofTangibleAssetMovementE2607PracticeforCannibalization/ReclamationofService-ableEquipmentComponentstoSupportDemandRequire-mentsE2608PracticeforEquipmentControlMatrix(ECM)E2674PracticeforAssessmentofImpactofMobileDataStorageDevice(MDSD)Loss(Withdrawn2015)3E2675PracticeforPropertyManagementSystemOutcomesE2715PracticeforMoveablePropertyStorageE2811PracticeforManagementofLowRis...
