Glossary•Operations
Asset Condition
The physical state and operational status of building equipment or infrastructure, typically rated from excellent to poor.
Full Definition
Asset Condition is an assessment of the physical state and operational status of building equipment, infrastructure, or systems. Condition ratings typically range from excellent to poor and help facility managers prioritize maintenance, plan replacements, and allocate resources. Regular condition assessments are essential for preventive maintenance programs and capital planning. Condition data is often tracked in CMMS systems and used to forecast replacement needs and budget requirements.