The National Academies Press

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Pages 101-115

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From page 101... ... Glossary 101 relate aspects such as safety, responsiveness, cost, comfort, asset performance, reliability, and sustainability. Performance Management Framework -- The component of the asset management system that monitors and manages performance from a strategic, whole of government, level down to asset level. Read the entire page →
From page 102... ... 102 Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement Remaining Life -- Time remaining until an asset ceases to provide the required service level or economic usefulness. Renewal -- Project to upgrade, refurbish, or replace existing assets with assets of equivalent capacity or performance capability. Read the entire page →
From page 103... ... Glossary 103 OR The application of a formal process to the range of possible values relating to key factors associated with risk in order to determine the resultant ranges of outcomes and their probability of occurrence. S Service Life -- The period of time after installation during which a building, or its parts, meets or exceeds the performance requirements. Read the entire page →
From page 104... ... 104 Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement OR A purchasing tool and philosophy aimed at understanding the true cost of buying a particular good or service from a particular supplier. Triple Bottom Line -- Triple bottom line accounting refers to expanding the traditional reporting framework to take into account ecological and social factors in addition to financial factors. Read the entire page →
From page 105... ... Glossary 105 Whole Life Value (WLV) -- The optimum balance of stakeholders' aspirations, needs and requirements, and whole life costs for an asset. Read the entire page →
From page 106... ... 106 Angelosante, J Read the entire page →
From page 107... ... A1-1 A p p e n d i x A 1 Excerpts from a GTAA Bid Package Read the entire page →
From page 108... ... A1-2 Guidebook for Considering Life-Cycle Costs in Airport Asset procurement Read the entire page →
From page 109... ... excerpts from a GTAA Bid package A1-3 Read the entire page →
From page 110... ... A1-4 Guidebook for Considering Life-Cycle Costs in Airport Asset procurement Read the entire page →
From page 111... ... excerpts from a GTAA Bid package A1-5 Read the entire page →
From page 112... ... A1-6 Guidebook for Considering Life-Cycle Costs in Airport Asset procurement Read the entire page →
From page 113... ... excerpts from a GTAA Bid package A1-7 Read the entire page →
From page 114... ... A1-8 Guidebook for Considering Life-Cycle Costs in Airport Asset procurement Read the entire page →
From page 115... ... excerpts from a GTAA Bid package A1-9 Read the entire page →

From page 101...

... Glossary 101 relate aspects such as safety, responsiveness, cost, comfort, asset performance, reliability, and sustainability. Performance Management Framework -- The component of the asset management system that monitors and manages performance from a strategic, whole of government, level down to asset level.