Asset Tree

The asset tree is a tree view of the hierarchical relationship between assets, their asset components and associated asset tasks. It's a hierarchical representation of an asset register, based on criteria such as location, finance or function. The asset tree hierarchy shows divisions within the plant or factory, from a general level down to the level at which costs need to be measured.

Each asset in the asset tree can represent an entry in the fixed asset register. The asset register is a list of all the physical assets in a workplace. It typically contains information such as make, model and specifications as well as the maintenance, purchase, depreciation and asset assessment histories. It is used to maintain all assets in a tree structure; store technical details about each asset and build an assessment and performance tracking history for each asset or group of assets.

The asset tree inherits these items, configured in the asset type tree:

asset type
asset type components
asset type tasks linked to each asset type component
failure analysis components.

If constructed correctly, the asset tree can be a powerful tool for analysing history and failures, and producing budgets and other useful reports.

On Key uses an indented bill of material format to display the levels in the tree structure, and a user can drill down from an asset to its asset components and asset tasks.

Benefits of Using Asset Trees

Building and maintaining a database of an organization's physical assets in an asset tree facilitates the maintenance, assessment and monitoring of assets.
The hierarchical tree structure helps to locate assets quickly and easily and enables analysis of assets in a specific branch of the tree structure.
The visual and graphic tree structure mimics the real world, which enhances readability and usability.
The tree structure is useful for designing reports.
Assets and asset components can be dynamically configured to duplicate changes taking place in the plant or factory, as and when they occur.