Asset Operating Condition Descriptive name for the operating condition. You can select asset operating conditions on standard tasks and on work order tasks to tell the people planning, scheduling, and performing the task what condition the asset must be in for the work to be started. For example, you might have an asset operating condition called “Shut down”. See Also Abbreviation Short form for the operating condition name. The abbreviation is used in reports. See Also Description The description of the item. You can use this box to include any additional details.