Asset Types are templates for setting up Assets and are fundamental for:

•      User defined data from an assigned Attribute Set

•      Valuation Parameters

They are hierarchical, each Asset Type potentially having one or more descendant Asset Types.

Each Asset Type can have one or more:

•      Standard Actions for:

•     Works Management

•     Asset Valuation

•     Log Books

•      Standard Defects for Works Management

•      Standard Inspections for Asset Compliance and Management

•      Standard Risk Events

Asset Types are maintained in the Asset Type Form in discrete parts, as follows: