Asset Decommissioning and Disposal

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Version 1, March 2021

This document addresses Asset Decommissioning & Disposal under three sections:

1. What does decommissioning and disposal mean – definitions that can be universally applied.
2. Decision-making governance – controlling decisions to decommission, or dispose of assets.
3. Practical application – the practical steps in undertaking decommissioning and disposal.

An overriding principle throughout the document is that unless otherwise stated, all aspects of decommissioning and disposal are contained within the scope of the Asset Management System, where the ‘Management System’ is as defined in ISO 55000.

The document also makes use of the terms ‘Asset’, ‘Asset System’, and ‘Asset Portfolio’ as defined in ISO 55000. These represent the defining frameworks within which decommissioning and disposal take place.