ASTM E2811-17
Standard Practice for Management of Low Risk Property (LRP)

Standard No.
ASTM E2811-17
Release Date
2017
Published By
American Society for Testing and Materials (ASTM)
Latest
ASTM E2811-17
Scope
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

  • 2017 ASTM E2811-17 Standard Practice for Management of Low Risk Property (LRP)
  • 2011 ASTM E2811-11 Standard Practice for Management of Low Risk Property (LRP)
Standard Practice for Management of Low Risk Property (LRP)



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