Standard Practice for Management of Low Risk Property (LRP)

Available format(s)

Hardcopy , PDF

Language(s)

English

Published date

01-11-2017

Publisher

American Society for Testing and Materials

1.1This practice covers the assessment of risk and management of low risk property (LRP).

1.2This practice is directed at tangible LRP.

1.3This 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.

1.4This 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.

Committee	E 53
DocumentType	Standard Practice
Pages	2
PublisherName	American Society for Testing and Materials
Status	Current
Supersedes	ASTM E 2811 : 2011

ASTM E 2936 : 2013	Standard Guide for Contractor Self Assessment for U.S. Government Property Management Systems
ASTM E 2495 : 2018	Standard Practice for Prioritizing Asset Resources in Acquisition, Utilization, and Disposition

ASTM E 2135 : 2004	Standard Terminology for Property and Asset Management
ASTM E 2135 : 2001	Standard Terminology for Property and Asset Management
ASTM E 2453 : 2019	Standard Practice for Estimating the Life-Cycle Cost of Ownership of Property Assets
ASTM E 2135 : 2007 : EDT 1	Standard Terminology for Property and Asset Management
ASTM E 2604 : 2015	Standard Practice for Data Characteristics of Equipment Asset Record
ASTM E 2135 : 2010	Standard Terminology for Property and Asset Management
ASTM E 2131 : 2001	Standard Practice for Assessing Loss, Damage, or Destruction of Property
ASTM E 2132 : 2017	Standard Practice for Inventory Verification: Electronic and Physical Inventory of Assets
ASTM E 2132 : 2011	Standard Practice for Inventory Verification: Electronic and Physical Inventory of Assets
ASTM E 2453 : 2005	Standard Practice for Determining the Life-Cycle Cost of Ownership of Personal Property
ASTM E 2135 : 2007	Standard Terminology for Property and Asset Management
ASTM E 2135 : 2010 : REV A : EDT 1	Standard Terminology for Property and Asset Management
ASTM E 2131 : 2016	Standard Practice for Addressing and Reporting Losses of Tangible Property
ASTM E 2135 : 2002	Standard Terminology for Property and Asset Management
ASTM E 2131 : 2016 : R2022	Standard Practice for Addressing and Reporting Losses of Tangible Property
ASTM E 2453 : 2013	Standard Practice for Determining the Life-Cycle Cost of Ownership of Personal Property
ASTM E 2135 : 2010 : REV A	Standard Terminology for Property and Asset Management
ASTM E 2135 : 2010 : REV A : EDT 2	Standard Terminology for Property and Asset Management
ASTM E 2131 : 2009	Standard Practice For Addressing and Reporting Loss, Damage, or Destruction of Tangible Property
ASTM E 2135 : 2022	Standard Terminology for Property and Asset Management
ASTM E 2279 : 2009	Standard Practice for Establishing the Guiding Principles of Property Management
ASTM E 2135 : 2006	Standard Terminology for Property and Asset Management
ASTM E 2132 : 2001	Standard Practice for Physical Inventory of Durable, Moveable Property
ASTM E 2132 : 2001 : R2007	Standard Practice for Physical Inventory of Durable, Moveable Property
ASTM E 2604 : 2009	Standard Practice for Data Characteristics of Equipment Records
ASTM E 2135 : 2010 : REV A : R2017	Standard Terminology for Property and Asset Management
ASTM E 2135 : 2010 : REV A : R2017 : EDT 1	Standard Terminology for Property and Asset Management
ASTM E 2279 : 2015	Standard Practice for Establishing the Guiding Principles of Property Asset Management
ASTM E 2608 : 2008	Standard Practice for Equipment Control Matrix (ECM)
ASTM E 2604 : 2021	Standard Practice for Data Characteristics of Personal Property Asset Record
ASTM E 2608 : 2008 : R2014	Standard Practice for Equipment Control Matrix (ECM)
ASTM E 2279 : 2003	Standard Practice for Establishing the Guiding Principles of Property Management