Renewal Program

A Renewal Program or more formally an Asset Renewal Program is a program of scheduled works designed to return assets of a given type to as new condition.

In its most basic form an asset renewal program is a list of proposed renewal works programmed for a particular year or years and with an estimated cost assigned to each item.

The proposed timing of works will typically be based on the Remaining Useful Life of the asset being renewed, but the availability of funding and resources may also effect the program. (Ideally an asset with an RUL of x years, will be programmed for renewal in x years time.)

Before a renewal program can be developed:

Example Renewal Program

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External Links & References

  1. Google Search (Asset Renewal Program)
  2. Google Search (Renewal Program)
  3. Section 3.4.4 of the 2011 International Infrastructure Management Manual
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