Designation:E2495−18StandardPracticeforPrioritizingAssetResourcesinAcquisition,Utilization,andDisposition1ThisstandardisissuedunderthefixeddesignationE2495;thenumberimmediatelyfollowingthedesignationindicatestheyearoforiginaladoptionor,inthecaseofrevision,theyearoflastrevision.Anumberinparenthesesindicatestheyearoflastreapproval.Asuperscriptepsilon(´)indicatesaneditorialchangesincethelastrevisionorreapproval.INTRODUCTIONIdentifyingassetsthataremostcriticaltoamissionorpracticeischallengingformostentities.Theabilityofanentitytominimizethegapbetweenitsassetportfolioandever-changingmissionsoftendeterminesitssuccessorfailureinachievingitsobjectives.Thegoalofthispracticeistoprovidemanagerswithadisciplined,quantitativeapproachtoaninherentlysubjectivedecision-makingprocess:determiningwhichassetsarecriticaltoanentity’smissionandarethereforedeservingofpriorityattentionorfunding.1.Scope1.1Theassetpriorityindex(API)establishesaquantitativeprocessforprioritizingassetresourcesinacquisition,utilization,anddisposition.1.2Inadditiontotheapplicabilityofmoveableanddurableassetsasdefinedinthispractice,thismethodologyissimilarlyusedintheanalysisofinvestmentsinbuildingsandbuildingsystems(seePracticeE1765).1.3Thispracticeoffersinstructionsforperformingoneormorespecificoperations.Thisdocumentcannotreplaceedu-cationorexperienceandshouldbeusedinconjunctionwithprofessionaljudgment.Notallaspectsofthispracticemaybeapplicableinallcircumstances.ThisASTMstandardisneitherintendedtorepresentnorreplacethestandardofcarebywhichtheadequacyofagivenprofessionalservicemustbejudged,norshouldthisdocumentbeappliedwithoutconsiderationofaproject’smanyuniqueaspects.Theword“Standard”inthetitlemeansonlythatthedocumenthasbeenapprovedthroughtheASTMInternationalconsensusprocess.1.4Thisinternationalstandardwasdevelopedinaccor-dancewithinternationallyrecognizedprinciplesonstandard-izationestablishedintheDecisiononPrinciplesfortheDevelopmentofInternationalStandards,GuidesandRecom-mendationsissuedbytheWorldTrade...
