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Description of ASTM-E2279 2009ASTM E2279 - 09Standard Practice for Establishing the Guiding Principles of Property ManagementActive Standard ASTM E2279 | Developed by Subcommittee: E53.01 Book of Standards Volume: 04.12 ASTM E2279Significance and Use The intent of these principles is to provide guidance for an effective and efficient system for ( 1 ) the acquisition of personal property, ( 2 ) the utilization of available personal property, and ( 3 ) the disposal of personal property (Public Law 107-217). Historically, property management practices have often reflected organizational or management processes that did not reflect best practices. One of the greatest challenges facing property managers is how to ensure that overly detailed and costly practices used or proposed for the oversight of property assets are not adopted as representing best practices or established as an operating policy. Property management practices shall seek, when viewed in totality, to be effective and efficient, to the point at which benefits exceed the costs of operation. Often the key property management functions are based on compliance with quantitative measures and, therefore, compliance with process has become more important than the goals that property management systems should seek to achieve. 1. Scope 1.1 This practice covers the creation of a set of guiding principles to be applied to the practice of property management. These principles will enunciate the objectives and intent of the property management community, stress simplified procedures, promote less rather than more, judgment rather than by-the-book decisions, and encourage the adoption of best practices. 1.2 The acceptance of these guiding principles has the potential to foster a problem-solving mentality within the property management community, encourage the use of innovative and cost-effective practices, create greater commonality between government and industry practices, and increase the ability of organizations to respond to changing needs and business conditions. 1.3 The potential economic and practical benefits of operating in a manner consistent with a set of guidelines outweigh concerns about the loss of predictability, uniformity, and consistency. 1.4 The intent of this practice is to provide property management guidance for tangible personal property; however, many of the principles appropriately apply to other types of property.
Federal Standards Securities and Excha No. 99, Materiality (1999)ASTM Standards E2131 Practice for Addressing and Reporting Loss, Damage, or Destruction of Tangible Property E2132 Practice for Inventory Verification: Electronic and Physical Inventory of Assets E2135 Terminology for Property and Asset Management Keywords acquisition cost; agency; best value; care and handling; company; impairment; institution; inventory; materiality; personal property; property; property management; reasonable detail; risk management; Acquisition costs; Building economics; Care and handling; Guiding principles; Impairment; Institutional buildings; Inventory analysis/control; Materiality; Reasonable detail; Risk analysis ; ICS Code ICS Number Code 03.100.01 (Company organization and management in general) DOI: 10.1520/E2279-09 ASTM International is a member of CrossRef. ASTM E2279The following editions for this book are also available...This book also exists in the following packages...Subscription InformationMADCAD.com ASTM Standards subscriptions are annual and access is unlimited concurrency based (number of people that can access the subscription at any given time) from single office location. For pricing on multiple office location ASTM Standards Subscriptions, please contact us at info@madcad.com or +1 800.798.9296.
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About ASTMASTM International, formerly known as the American Society for Testing and Materials (ASTM), is a globally recognized leader in the development and delivery of international voluntary consensus standards. Today, some 12,000 ASTM standards are used around the world to improve product quality, enhance safety, facilitate market access and trade, and build consumer confidence. ASTM’s leadership in international standards development is driven by the contributions of its members: more than 30,000 of the world’s top technical experts and business professionals representing 150 countries. Working in an open and transparent process and using ASTM’s advanced electronic infrastructure, ASTM members deliver the test methods, specifications, guides, and practices that support industries and governments worldwide. |
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