Activity $6\mathrm{.}2$

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Discuss how asset performance can be measured and why it is important to measure asset performance?

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Hint:

$1.$ Write a paragraph outlining why it is important to measure asset performance.

$2.$ Name the $4$ methods that can be used to measure asset performance.

$3.$ Give a detailed explanation of each method.

$4.$ Explain each to the terms that are commonly associated with asset performance $($Economy; Effectiveness; Efficiency$)$

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