1.1 This practice covers the assessment of risk and management of low risk property (LRP).
1.2 This practice is directed at tangible LRP.
1.3 This practice does not promote mismanagement or dereliction of duty to protect property, nor protecting property unreasonably – to the extent that usefulness is impaired. This practice recognizes the constraints of materiality and costs versus benefits in the control and management of property.
1.4 This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.
ASTM E2811-17 Referenced Document
ASTM E2131 Standard Practice for Addressing and Reporting Losses of Tangible Property*, 2022-08-01 Update
ASTM E2132 Standard Practice for Inventory Verification: Electronic and Physical Inventory of Assets
ASTM E2135 Standard Terminology for Property and Asset Management*, 2022-06-01 Update
ASTM E2279 Standard Practice for Establishing the Guiding Principles of Property Asset Management*, 2020-07-01 Update
ASTM E2453 Standard Practice for Estimating the Life-Cycle Cost of Ownership of Property Assets*, 2019-05-01 Update
ASTM E2604 Standard Practice for Data Characteristics of Personal Property Asset Record*, 2024-04-21 Update
ASTM E2608 Standard Practice for Equipment Control Matrix (ECM)*, 2020-07-01 Update
ASTM E2811-17 history
2017ASTM E2811-17 Standard Practice for Management of Low Risk Property (LRP)
2011ASTM E2811-11 Standard Practice for Management of Low Risk Property (LRP)