In June 2000, the first tangible step was taken toward achieving a consensus standardization policy for the property industry when Committee E53 on Property Management Systems was officially organized.  Established via a partnership between NPMA and ASTM International, Committee E53 is the official home for the development of management systems criteria, including performance standards, practices, metrics, and methods of effectiveness for the conduct of management and administration activities for durable and movable assets.  Specific areas of interest include all aspects of personal property management from determination of needs and initial acquisition through final disposition, including receipt, identification and marking, record keeping, custodial and administrative accountability, reporting, consumption, maintenance, movement, storage, inventory, control, utilization, and disposition. 

E53 meets twice a year, once in the spring, in conjunction with NPMA’s Nova Chapter Meeting, and in mid to late summer, in conjunction with the annual NPMA National Education Seminar.  Below is a list of standards developed by the Committee E53.  Details of the approved standards are published in the Annual Book of ASTM Standards, Volume 04.12, available for purchase via ASTM International.

Active standards under the jurisdiction of Committee E53
E2131-09 Standard Practice for Assessing Loss, Damage, or Destruction of Property
E2132-01(2007) Standard Practice for Physical Inventory of Durable, Moveable Property
E2135-07e1 Standard Terminology for Property and Asset Management
E2221-02 Standard Practice for Administrative Control of Property
E2279-09 Standard Practice for Establishing the Guiding Principles of Property Management
E2306-03 Standard Practice for Utilization and Disposal of Personal Property
E2378-05 Standard Practice for the Recognition of Impaired or Retired Personal Property
E2379-04 Standard Practice for Property Management for Career Development and Training
E2452-05e1 Standard Practice for Equipment Management Process Maturity (EMPM) Model
E2453-05 Standard Practice for Determining the Life-Cycle Cost of Ownership of Personal Property
E2495-07 Standard Practice for Prioritizing Asset Resources in Acquisition, Utilization, and Disposition
E2497-06 Standard Practice for Calculation of Equipment Movement Velocity (EMV)
E2499-06 Standard Practice for Classification of Equipment Physical Location Information
E2604-09 Standard Practice for Data Characteristics of Equipment Records
E2605-08 Standard Practice for Receiving Property
E2606-08 Standard Practice for Receipt Notification as a Result of Tangible Property Movement
E2607-08 Standard Practice for Cannibalization/Reclamation of Serviceable Equipment Components to Support Demand Requirements
E2608-08 Standard Practice for Equipment Control Matrix (ECM)
E2631-09 Standard Practice for Physical Placement of an Entity-Controlled Supplemental Identification Label
E2672-09 Standard Practice for Identification and Categorization of Tooling
E2674-09 Standard Practice for Assessment of Impact of Mobile Data Storage Device (MDSD) Loss
E2675-09 Standard Practice for Property Management System Outcomes
E2676-09 Standard Practice for Tangible Property Mobility Index (MI)
E2715-09 Standard Practice for Moveable Property Storage

Work items under the jurisdiction of E53
WK17679 Defining Movements, Shipments, and Transfers of Assets
WK19308 Risk Assessments of Property Management Systems
WK25451 Management of Low Risk Property (LRP)
WK27486 Data Characteristics for Asset Catalogs