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Functional Assessment

An objective review to determine the difference between an asset’s current physical condition and its capability to meet mission requirements to serve a designated function or use. Functional assessments result in designations such as adequate, substandard, and inadequate and…
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Definition 1

An objective review to determine the difference between an asset’s current physical condition and its capability to meet mission requirements to serve a designated function or use. Functional assessments result in designations such as adequate, substandard, and inadequate and are used to identify an asset’s functionality.

CategoriesAdministration, Finance, Procurement
Term OPIMA - Office of Management
Definition typeDefinition
RelatedSources

Source 1:

DOE O 430.1C Chg 2 (AdminChg), Real Property Asset Management
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