Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement (2017) / Chapter Skim
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Pages 90-95
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From page 90... ...
90 Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement RFP request for proposals RFQ request for qualifications RMP Resource Management Program ROI return on investment SAN storage area network SAP systems, applications, and products TCAT testing, commissioning, acceptance, and turnover TCO total cost of ownership UK United Kingdom USEPA United States Environmental Protection Agency VERO Visual Energy & Resource Optimization WLC whole life-cycle cost WWT wastewater treatment YYZ Toronto Pearson International Airport
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From page 91... ...
91 A Acquisition -- The process by which the airport comes into possession and ownership of a fixed asset (examples: purchase, donation, construction, eminent domain, or foreclosure)
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From page 92... ...
92 Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement Area/Gross Square Footage (GSF) -- A unit of measure representing the cumulative total of an organization's building(s)
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From page 93... ...
Glossary 93 asset systems, their associated performance, risks, and expenditures over their life cycles for the purposes of achieving its organizational strategic plan. Asset Management Framework -- System of processes, procedures, practices, support systems, organizational roles and responsibilities, and policies used to enable sound management decisions for the optimal management of physical assets.
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From page 94... ...
94 Guidebook for Considering Life-Cycle Costs in Airport Asset Procurement • Replacement without enhancement: substitution of an entire asset with a new or equivalent asset without enhancement of capabilities • Replacement with enhancement: substitution of an entire asset with a new or equivalent asset with enhanced capabilities Asset Replacement Cost -- Full replacement costs associated with a given asset expressed in current dollars. Asset Strategic Plan (ASP)
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From page 95... ...
Glossary 95 Computerized Maintenance Management Systems (CMMS) -- Act as a focal point of information systems supporting best practice asset management.
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