Infrastructure includes mixed urban built assets such as transportation networks(roadways, track), underground networks(sewers, water distribution), bridges, parks and other ancillaries required to preserve the functionality of the asset. It can be classified into 5 domains with its associated categories of within the classification.
Asset management is a coordinated set of activities that is performed by the organisation to realise value from their physical asset as per the ISO 55000 standard. The management of physical assets comprises elements related to funding requirement, acquisition, logistics, maintenance support and disposal.
BIM is a short form of Building Information Modelling and is the digital representation of the physical and functional characteristics of a facility. It also serves as a knowledge resource for information on a facility due to its data-rich capabilities and can serve the benefits below across a project.
As part of project closure, the project handover is a process of ownership transfer of the project deliverables as agreed in the contract. It marks the completion of delivery and includes a suite of documentation, assets and data.