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  • ASTM
    E2811-24 Standard Practice for Management of Low-Risk Property (LRP)
    Edition: 2024
    $76.13
    Unlimited Users per year

Description of ASTM-E2811 2024

ASTM E2811-24

Active Standard: Standard Practice for Management of Low-Risk Property (LRP)




ASTM E2811

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.


Keywords

expendability; low-risk property (LRP); materiality; risk assessment; risk management;


ICS Code

ICS Number Code 03.100.01 (Company organization and management in general)


DOI: 10.1520/E2811-24

GROUPS