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