asset management

Dictionary
Digital Construction (electrical)

term introduced first in PAS 1192 and updated in ISO 19650 framework, it depicts the process of specifying and delivery of project and asset information

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forms a framework that supports informed and consistent decision making by project teams, at each work stage, helping to deliver agreed and reliable information.

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Exchange Information Requirements (EIR) term introduced by BS EN 19650 replace the PAS 1192 term Employer Information Requirements (EIR) on all projects where BS EN ISO 19650 compliance is required.

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The term introduced by ISO 19650 typically describes the Tier 1 Main Contractor.

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breakdown structure to help plan the production of information

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schedule of information containers and delivery dates, for a specific task team

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An MPDT its old PAS 1192 term, the MPDT defines who produces what, when and to what level of detail.

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coordinated activity of an organization to realize value from assets

Note 1 to entry: Realization of value will normally involve a balancing of costs, risks, opportunities and performance benefits.
Note 2 to entry: Activity can also refer to the application of the elements of the asset management system.
Note 3 to entry: The term “activity” has a broad meaning and can include, for example, the approach, the planning, the execution and implementation of a plan.

[SOURCE: ISO 55000:2014, 3.3.1, modified — In Note 3 to entry, “theBS EN ISO 19650‑3:2020

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