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Leaders in Asset Management
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ASTM Standards and Property Management
Leaders in Asset Management
Leaders in Asset Management
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ASTM International
What is it? ASTM International is one of the largest voluntary standards development organizations in the world.
Target MembershipAnyone
FoundedIn 1898 to address frequent rail breaks in the
railroad industry.
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ASTM International
Dues: $75.00 / individual, $400 organizational
Current Membership: 33,000 from 135 countries
Committees: 141
Product: 12,160 + standards as a voluntary consensus standards development organization
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ASTM International
Complies with• National Technology Transfer and
Advancement Act of 1995 (Public Law 104-119) and OMB Circular A-119, and
• Annex 4 of the Triennial Review of the World Trade Organization’s Technical Barriers to Trade Agreement (WTO/TBT).
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ASTM International
Mission StatementTo be recognized globally as the premier developer and provider of voluntary consensus standards, related technical information, and services that
promote public health and safety, support the protectionand sustainability of the environment, and the overallquality of life;
contribute to the reliability of materials, products, systems and services; and facilitate international,
regional, and national commerce.
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ASTM Committee E53
BAE BoeingBooze Allen Hamilton DAUDCMA DeloitteDHS DoDDOE General DynamicsGeorgia Tech Research Institute GSAHHS HoneywellInternational members Johns Hopkins APLLockheed Martin MetalcraftNASA Northrop GrummanNPMA RaytheonSAIC Stanford UniversityState of Illinois US Army Corps of
EngineersUtah St. Univ. Research Foundation VA
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ASTM Committee E53
• Made up of Property Professionals, 80% are also NPMA members
• Doing good things for Property Professionals
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ASTM Standards
You’ve heard the hype- but how does it really happen?
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ASTM Standards
All you need to start is an idea…
•Is there a need?
•Is there an interest?
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ASTM Standards
Check the ASTM website. Is there something similar already published or in the works?
(www.astm.org, Technical Committees / Committee E53/ List of Subcommittees and Standards )
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Committee E53If not, which subcommittee would it fall under?
E53.01 Process Management
E53.02 Data Management
E53.03 Financial Management
E53.04 Reutilization & Disposal
E53.05 Property Management Maturity
E53.06 Terminology
E53.10 ISO Asset Management Activity
E53.90 Executive Subcommittee
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ASTM Standards
• Contact the Subcommittee Chairman, a member of the Executive Subcommittee or the Staff Manager for discussion.
• If no standards exist, or none are in the works get ready to form a task group.
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ASTM Standards
Task Groups• Do NOT have to be ASTM members
• Ideally between 6-12 people to start (may be more, may be less)
• Choose individuals who are proactive, responsive and dedicated
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ASTM Standards
• Use the word templates provided by ASTM to help you follow the required format (Form and Style for ASTM Intl. Standards)
• Register a work item via the ASTM website• Complete the draft• Submit for Executive Editorial Task Group
review • Submit to ASTM for Form and Style review
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General Overview of Different Levels of
BallotingThe Committee on Standards (COS)(9 Member Oversight Committee)
Main Committee Ballot / Society Review(Committee E53 on Property Management /
All other ASTM members)
Subcommittee Ballot(Subcommittee E53.03 – Financial Management)
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Subcommittee Ballot
• Focused group of technical experts• Ballot Authorized by a Subcommittee Chair • E-Mail notification sent when subcommittee
ballot is posted to the website• Open for minimum of 30 days• Requires 60% return of all voting members
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Ballot Results
• When the ballot closes, ASTM posts a ballot summary to the member’s only portion of the ASTM website
• Summary includes voting tally and the text of any negative votes and comments received
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Main Committee Ballots
• Following successful subcommittee ballot or resolution of subcommittee negative votes
• E-Mail notification sent when main committee ballot is posted to the website
• Ballot open for minimum of 30 days• Simultaneous with Society Review • Ballot Summary posted to the website
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Consideration of Ballot Results
• ONE negative vote stops the process• All negative votes must be resolved in
accordance with ASTM Regulations• If any technical changes are made to the ballot
item due to a negative vote, the item must be re-balloted to the entire committee
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Resolving Negative Votes
• Persuasive- The negative voter has a valid technical point, the document is revised and must be reballoted
• Withdrawn- The voter can withdraw at any time for any reason without any changes to the document as balloted
• Withdrawn with Edit Changes- The voter can suggest alternate wording that does NOT change the meaning of the sentence (Clarification only)
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Overriding Negative Votes• Not related
– Requires 2/3 approval by the committee– Consider as first item of new business at next
meeting of the committee• Not persuasive
– Requires a technical explanation of why the point raised is not persuasive
– Requires 2/3 approval by the committee to override the negative
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Participation Made Easy
• Made easy through use of the World Wide Web
• No travel restrictions
• No time delays
• Access to information 24 hours per day, 7 days per week, 365 days per year
• For just $75 YOU can participate! – (and receive a complimentary copy of all Property Management
standards for your personal use)
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E53 Current Standards• E2131-09 Standard Practice for Assessing Loss, Damage, or
Destruction of Property• E2132-01(2007) Standard Practice for Physical Inventory of
Durable, Moveable Property• E2135-10a Standard Terminology for Property and Asset
Management• E2279-09 Standard Practice for Establishing the Guiding
Principles of Property Management• E2306-03 Standard Practice for Utilization and Disposal of
Personal Property• E2378-05 Standard Practice for the Recognition of Impaired or
Retired Personal Property
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E53 Current Standards• E2379-04 Standard Practice for Property Management for Career
Development and Training• E2452-10 Standard Practice for Equipment Management Process Maturity
(EMPM) Model• E2453-05 Standard Practice for Determining the Life-Cycle Cost of
Ownership of Personal Property• E2495-07 Standard Practice for Prioritizing Asset Resources in Acquisition,
Utilization, and Disposition• E2497-06 Standard Practice for Calculation of Equipment Movement
Velocity (EMV)• E2499-06 Standard Practice for Classification of Equipment Physical
Location Information• E2604-09 Standard Practice for Data Characteristics of Equipment Records• E2605-08 Standard Practice for Receiving Property
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E53 Current Standards• E2606-08 Standard Practice for Receipt Notification as a
Result of Tangible Property Movement• E2607-08 Standard Practice for Cannibalization/Reclamation
of Serviceable Equipment Components to Support Demand Requirements
• E2608-08 Standard Practice for Equipment Control Matrix (ECM)
• E2631-09 Standard Practice for Physical Placement of an Entity-Controlled Supplemental Identification Label
• E2671-10 Standard Practice for Defining Movements, Shipments, and Transfers of Tangible Property
• E2672-09 Standard Practice for Identification and Categorization of Tooling
• E2674-09 Standard Practice for Assessment of Impact of Mobile Data Storage Device (MDSD) Loss
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E53 Current Standards
• E2675-09 Standard Practice for Property Management System Outcomes
• E2676-09 Standard Practice for Tangible Property Mobility Index (MI)
• E2715-09 Standard Practice for Moveable Property Storage
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E53 Work Items
• WK17679 Defining Movements, Shipments, and Transfers of Assets• WK25451 Management of Low Risk Property (LRP)• WK27486 Data Characteristics for Asset Catalogs• WK29521 New Classification for Property Types • WK32431 New Practice for Sales of Personal Property
