Asset Management IQ

Section II: Current State Of The Assets




(Click on the answer that most accurately describes your situation...)

0
There is a limited asset inventory with no plans to complete the inventory. (1 point)
The organization is working towards a complete asset inventory with less than 50% of assets presently included. (2 points)
The organization is working on the asset inventory and it currently includes between 50% and 90% of the assets (3 points)
There is a complete1 asset inventory of the organization’s assets and it is used throughout the organization. The asset inventory is not done in a hierarchical structure or the inventory does not include the basic minimum attributes for the majority of the assets - asset ID, asset name, location, condition, useful life, replacement value, energy usage (if any,) probability of failure rating, and consequence of failure rating. (4 points)
There is a complete1 asset inventory of the organization’s assets and it is used throughout the organization. The asset inventory is done in a hierarchical structure. The asset inventory includes the following minimum attributes for the majority of the assets: asset ID, asset name, location, condition, useful life, replacement value, energy usage (if any,) probability of failure rating, and consequence of failure rating. (5 points)



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0 The organization does not have any type of map of asset locations. (0 points)
The organization has some limited mapping with no plans to produce a complete systems map. (1 point)
The organization is working towards a complete map of the system with less than 50% of the current system presently mapped. (2 points)
The organization is working towards a complete map of the system with more than 50% of the system presently mapped. (3 points)
The organization has a comprehensive map of the entire system. It is not linked to the asset inventory data. (4 points)
The organization has a comprehensive map of the entire system. It is in a GIS system that is linked to the asset inventory data. (5 points)

C. Does the organization have a process for condition assessment?
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0 The organization has no process to assess the condition of the assets. (0 points)
The organization has a process to assess the condition of the assets, but has notyet begun the process. (1 point)
The organization has assessed the condition of less than 50% of the assets. (2 points)
The organization has assessed the condition of more than 50% of the assets but has not recorded the information as part of the asset inventory. (3 points)
The organization has assessed the condition of more than 50% of the assets and the condition results are recorded in the inventory system. (4 points)
The organization has assessed the condition of every1 asset in the inventory and has recorded these condition results along with the asset inventory. (5 points)


D. Does the organization have a means of estimating useful life?
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0 The organization has no means to estimate the useful life of assets. (0 points)
The organization has developed a process to establish the useful life of the assets,but has not yet begun to use the process. (1 point)
The organization has established the useful life of less than 50% of the assets. (2 points)
The organization has established the useful life of more than 50% of the assets but has not recorded the information as part of the asset inventory. (3 points)
The organization has established the useful life of more than 50% of the assets and has recorded the information as part of the asset inventory. (4 points)
The organization has established the useful life of every1 asset in the inventory and has recorded these results along with the asset inventory. (5 points)



(Click on the answer that most accurately describes your situation...)

0 The organization has not determined any asset replacement values. (0 points)
The organization has developed an approach for determining replacement values but has not yet implemented it. (1 point)
The organization has estimated the asset replacement values for less than 50% of the assets. (2 points)
The organization has established the replacement value of more than 50% of the assets but has not recorded the information as part of the asset inventory.(3 points)
The organization has established the replacement value of more than 50% of the assets and has recorded the information as part of the asset inventory. (4 points)
The organization has established the replacement value of every1 asset in the inventory and has recorded these results along with the asset inventory. (5 points)


0 Your Score For This Section
0 Your Cumulative Score