Asset Registry: Difference between revisions
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The Asset Registry is maintained by Building & Grounds and reviewed by the board as a whole. The original version was created by Sally Duffy and the 2020 Capital Assessment Committee. | The Asset Registry is maintained by Building & Grounds and reviewed by the board as a whole. The original version was created by Sally Duffy and the 2020 Capital Assessment Committee. | ||
<b>Last Updated:</b> January | <b>Last Updated:</b> January 26th, 2023 | ||
Where possible, inflation is considered (using [https://smartasset.com/investing/inflation-calculator this calculator], for instance). Future investment is a "best guess" based upon past quotes or work, where possible. NOTE: A higher-than-expected inflation rate took effect in 2022. This has not necessarily been factored into calculations at this time (August 2022). Many estimates were made in 2020 and 2021. | Where possible, inflation is considered (using [https://smartasset.com/investing/inflation-calculator this calculator], for instance). Future investment is a "best guess" based upon past quotes or work, where possible. NOTE: A higher-than-expected inflation rate took effect in 2022. This has not necessarily been factored into calculations at this time (August 2022). Many estimates were made in 2020 and 2021. | ||
Columns for <b>Failure Mode and Effect Analysis (FMEA)</b> were added in January 2023. The columns are as follows: | |||
<ul> | |||
<li><b>Occurrence (O):</b> 1 = extremely unlikely; 10 = inevitable</li> | |||
<li><b>Severity (S):</b> 1 = insignificant; 10 = catastrophic</li> | |||
<li><b>Detection (D):</b> 1 = certain to detect; 10 = certain not to detect</li> | |||
<li><b>Risk Priority Number (RPN):</b> The product of O, S and D. 0 = low risk; 1000 = highest risk</li> | |||
</ul> | |||
FMEA Values are subjective. The threshold of concern (for the RPN) is generally set to 200, though subject to revision. | |||
== Basement == | == Basement == | ||