Location is a key element of an asset and differentiates similar assets from other assets. The hierarchical aspect of location identifies that an asset is part of a larger entity. The Global Location Hierarchy Principle allows for a similar asset in a different location to have different parameters associated with the respective asset, allowing costs to differ over the individual asset’s life-cycle. For instance, a room is part of a floor, is part of a structure, is part of a campus, is part of a county or locality, is part of a state, and is part of a country.
Each organization’s mission varies; and therefore, aspects of their mission track independently. However, spatial information provides an organizational structure that allows for variance while still providing a roll up of information to a higher level of asset management, which provides an overview of the entire portfolio. In addition, some assets may have multiple roles. Location will identify the asset as a unique entity even though it may have multiple functions. For instance, a room assigned to a department or college and assigned to a project, it is still the same unique room.
The purpose of this standard is to define ALL spaces associated with a facility / campus in a global hierarchy geographic plane. All fixed assets need a location. Managing multiple properties or campuses in various global locations require a unique identifier for each asset. Similar to space management in a structure, location is required outside the structure for roads, parking, utility distribution lines, sidewalks, etc. All properties and assets would include a global location hierarchy to ensure the management and tracking of each asset.
This principle is required in all cases since each asset’s location and instance needs to be uniquely identified.