asset management
(2) Asset management .— The term “asset management” means a strategic and systematic process of operating, maintaining, and improving physical assets, with a focus on both engineering and economic analysis based upon quality information, to identify a structured sequence of maintenance, preservation, repair, rehabilitation, and replacement actions that will achieve and sustain a desired state of good repair over the lifecycle of the assets at minimum practicable cost.
Source
23 USC § 101(a)(2)
Scoping language
None identified, default scope is assumed to be the parent (chapter 1) of this section.