Objective
Asset Management – an anatomy, Version 4, published by The Institute of Asset Management in July 2024, defines an objective as a: ‘Result to be achieved. Notes: (1) An objective can be strategic, tactical or operational. (2) Objectives can relate to different disciplines (such as financial, health and safety, and environment). They can be, for example, organization-wide or specific to a project, product or process). (3) An objective can be expressed in other ways, eg as an intended result, as a purpose, as an operational criterion, as an asset management objective or by the use of other words with similar meaning (e.g. aim, goal, or target). (4) In the context of an asset management system, asset management objectives are set by the organization, consistent with the asset management policy, to achieve specific results.’
It defines an organizational objective as an: 'overarching objective that sets the context and direction for an organization’s activities. Note: (1) Organizational objectives are established through the strategic level planning activities of the organization.'
Guide for Effective Benefits Management in Major Projects, published by the Infrastructure and Projects Authority in October 2017, defines an objective as: ‘An answer to the important question of ‘why?’ which defines purpose, aim, and direction. Objectives should be Specific, Measurable, Achievable, Realistic and Timely (SMART).’
[edit] Related articles
Featured articles and news
Costs and insolvencies mount for SMEs, despite growth
Construction sector under insolvency and wage bill pressure in part linked to National Insurance, says report.
The place for vitrified clay pipes in modern infrastructure
Why vitrified clay pipes are reclaiming their role in built projects.
Research by construction PR consultancy LMC published.
Roles and responsibilities of domestic clients
ACA Safety in Construction guide for domestic clients.
Fire door compliance in UK commercial buildings
Architect and manufacturer gives their low down.
Plumbing and heating for sustainability in new properties
Technical Engineer runs through changes in regulations, innovations in materials, and product systems.
Awareness of the Carbon Border Adjustment Mechanism
What CBAM is and what to do about it.
The new towns and strategic environmental assessments
12 locations of the New Towns Taskforce reduced to 7 within the new towns draft programme and open consultation.
Buildings that changed the future of architecture. Book review.
The Sustainability Pathfinder© Handbook
Built environment agency launches free Pathfinder© tool to help businesses progress sustainability strategies.
Government outcome to the late payment consultation, ECA reacts.
IHBC 2025 Gus Astley Student Award winners
Work on the role of hewing in UK historic conservation a win for Jack Parker of Oxford Brookes University.
Future Homes Building Standards and plug-in solar
Parts F and L amendments, the availability of solar panels and industry responses.
How later living housing can help solve the housing crisis
Unlocking homes, unlocking lives.
Preparing safety case reports for HRBs under the BSA
A new practical guide to preparing structural inputs for safety cases and safety case reports published by IStructE.
Male construction workers and prostate cancer
CIOB and Prostate Cancer UK encourage awareness of prostate cancer risks, and what to do about it.