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Meaning of Inactive Asset and Idle Asset?

asked Sep 1, 2015 in Engineering by BrockDeider (455 points)
What are the meaning of Inactive Asset and Idle Asset?

1 Answer

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answered Sep 1, 2015 by TPham (5,010 points)

Inactive Asset: Inactive assets are shut in temporarily for simultaneous operations, not performing as designed, in need of repair, etc. and specific plans are in place or being developed to return the asset to full operation.

Idle Asset: An idle asset is an inactive asset where operations are suspended with no immediate plans to bring it back into service.