Asset management plan period
An asset management plan period is like a schedule that helps people who take care of things like buildings or equipment figure out the best time to fix or replace those things.
Imagine you have a toy that you really like to play with. It's a lot of fun and it can do cool things, but it's starting to get old and broken. Sometimes it doesn't work as well as it used to and sometimes it doesn't work at all.
Your parents know that they need to fix the toy so you can keep playing with it, but they don't want to spend too much money on it or fix it too often. They need to figure out the best time to fix it so it will work well again for a long time.
That's what an asset management plan period is like. It helps people who take care of things like buildings or equipment figure out the best time to fix or replace those things. It's like a schedule that tells them when it's time to take care of something and how much money they should spend on it.
This way, people can keep using their things for a long time without having to buy new ones all the time. It's like taking care of your toys so you can keep playing with them for a long time!
Imagine you have a toy that you really like to play with. It's a lot of fun and it can do cool things, but it's starting to get old and broken. Sometimes it doesn't work as well as it used to and sometimes it doesn't work at all.
Your parents know that they need to fix the toy so you can keep playing with it, but they don't want to spend too much money on it or fix it too often. They need to figure out the best time to fix it so it will work well again for a long time.
That's what an asset management plan period is like. It helps people who take care of things like buildings or equipment figure out the best time to fix or replace those things. It's like a schedule that tells them when it's time to take care of something and how much money they should spend on it.
This way, people can keep using their things for a long time without having to buy new ones all the time. It's like taking care of your toys so you can keep playing with them for a long time!