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The AHIA Asset Management Sub Group has developed a list of commonly used asset management and maintenance definitions with a view to establishing a common, cross-jurisdictional language. The challenge of applying this in every jurisdiction is acknowledged, particularly where the terminology interacts with jurisdictional financial or technical policies. The proposed definitions are intended to assist in the AHIA context and there is no requirement to adopt these definitions in members’ respective operations. 

Commonly Used Asset Management Definitions