Poor 4 Major Requires Some elements do not meet 1-5 yrs. Significant – Disruption/ Required Condition, and: renewal/upgrade Exhibiting Increased below Start planning – major condition of some key Costs/ Loss of Required process to replace, defects elements is below the limit of Revenue Condition. considering risk and and/or not acceptability Widespread consequences of operating serious deterioration affects asset failures. Immediate as deterioration or function or availability attention for intended. significant Superior, High, asset needs significant deterioration of Above Average & maintenance and may need a dominant Average Assets renewal or upgrade components. Categories. Attention within 1 -2 years for Below Average & Low Assets Categories. Failed 5 Possible Asset Many asset elements do not meet 0-1yr. Over 50% of – liability/ Illegal unserviceable Required Condition, and: asset requires (Very – Poor) Condition well below replacement. At condition of many key Required immediately Life elements is below the limit of assess risk; replace Condition. expired acceptability Extensive based on assessment. and/or serious deterioration significantly Immediate action for serious deterioration or all Asset Categories. affects asset function or risk of serious availability imminent deterioration of failure. in urgent of major a dominant maintenance or refurbishment component Relative Condition is a direct comparison of an asset's Actual Condition with its Required Condition, expressed in a Relative Condition Level scale as in Table 1. The purpose of comparing actual and required condition is to: Examine the of fitness for purpose; Assess the extent of under or over-provision; and Set maintenance, refurbishment, replacement or disposal requirements. Where the Relative Condition Level shows a significant variation between Actual Condition and Required Condition, there is likely to be a significant impact on the operation of the asset. There may also be financial impacts. These need to be clearly identified as they are important in making decisions and setting priorities. Assets condition impacts considered with Asset Category are a major determinant of the priority and urgency of action to be taken in respect of a particular physical asset. Maintenance requirement is crossed referenced against the respective conditions in Table 1.
Poor Exhibiting major defects and/or not operating as intended. 4 – Major Disruption/ Increased Costs/ Loss of Revenue Requires – below Required Condition. Widespread serious deterioration or significant deterioration of a dominant components. Some elements do not meet Required Condition, and: condition of some key elements is below the limit of acceptability deterioration affects asset function or availability asset needs significant maintenance and may need renewal or upgrade 1-5 yrs. Significant renewal/upgrade Start planning process to replace, considering risk and consequences of failures. Immediate attention for Superior, High, Above Average & Average Assets Categories. Attention within 1 -2 years for Below Average & Low Assets Categories. Failed (Very Poor) Life expired and/or serious risk of imminent failure. 5 – Possible liability/ Illegal Condition Asset unserviceable – well below Required Condition. Extensive serious deterioration or serious deterioration of a dominant component Many asset elements do not meet Required Condition, and: condition of many key elements is below the limit of acceptability deterioration significantly affects asset function or availability in urgent of major maintenance or refurbishment 0-1yr. Over 50% of asset requires replacement. At immediately assess risk; replace based on assessment. Immediate action for all Asset Categories. Relative Condition is a direct comparison of an asset's Actual Condition with its Required Condition, expressed in a Relative Condition Level scale as in Table 1. The purpose of comparing actual and required condition is to: Examine the of fitness for purpose; Assess the extent of under or over-provision; and Set maintenance, refurbishment, replacement or disposal requirements. Where the Relative Condition Level shows a significant variation between Actual Condition and Required Condition, there is likely to be a significant impact on the operation of the asset. There may also be financial impacts. These need to be clearly identified as they are important in making decisions and setting priorities. Assets condition impacts considered with Asset Category are a major determinant of the priority and urgency of action to be taken in respect of a particular physical asset. Maintenance requirement is crossed referenced against the respective conditions in Table 1.
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