ASTM Committee E53 has two new standards for Property and Asset Management!
E2605 Standard Practice for Receiving Property
This practice covers the process for verifying, recording, and reporting receipt of tangible property (that is, equipment, supplies, and material). It was developed by an ASTM Task Group led by Rick Shultz of the Applied Physics Lab of Johns Hopkins University under ASTM E53 Subcommittee E53.01 Process Management, chaired by Marsha Campbell of Deloitte.
E2608 Standard Practice for an Equipment Control Matrix (ECM)
This practice describes equipment control classes (ECCs), equipment control levels (ECLs), and their relationships. It was developed by an ASTM Task Group led by Jim Dieter of Sunflower Systems, Inc. ASTM E53 Subcommittee E53.05 Property Management Maturity which is also chaired by Jim Dieter.
The new standards will be posted and available per the usual ASTM process when they have completed final editorial, pre-publishing review - likely in three or four weeks. The Chair of E53 is Lyle Hestermann of Raytheon. Christi Sierk is the ASTM Staff Manager for E53. The E53 standards and ASTM membership are available through ASTM at ASTM.org.
Five other drafts were on the recent ballot. Four of these drafts will likely be resubmitted for ballot in April with improvements suggested during the ballot process. In addition, the draft covering centralization of Physical Inventory guidance from various existing E53 standards drew a surprising number of comments. Rick Shultz has agreed to lead a Task Group to reconsider the standard, which was reapproved in 2007, and the improvements and changes recommended through the ballot process.
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