Work Item
ASTM WK91011
Revision of E2811-17 Standard Practice for Management of Low Risk Property (LRP)
Rationale
Low-risk property should be administratively controlled and managed to a lesser degree or with a more efficient technique than higher-risk property.
Organizations must comply with the requirements to operate effectively and efficiently where benefits exceed the costs of control.
This standard identifies various considerations when arriving at the management approach to low-risk property. With this version, we added expendability and an existing property plan.
Using, complying, and improving with this standard may provide the organization and its customers significant savings opportunities.
Work Item Status
Date Initiated: 06-03-2024
Technical Contact: Richard Culbertson
Item: 002
Ballot: E53 (24-01)
Status: In Balloting