AM Framework: Activation

AM Framework Miniseries - Reloaded

This article concludes the AMP Asset Management (AM) Framework miniseries by describing steps for its activation.  The subject AM Framework is shown below:

Asset Management Framework

As introduced two articles before in Implementation – How to Start, activation initiates use of the AM Framework for risk-informed resource and investment decision-making.  Activation is dependent on preceding activities that define and establish the AM Framework.  These implementation activities include:

• Executive Leadership decisions that define the organization’s approach to asset management.

• Carrying through on these decisions to develop supporting policies, inclusive of the organization's Asset Management System (AMS) and AM Framework.

• Using this policy to establish Organizational Objectives and Asset Management Objectives.

• Developing and exercising supporting processes to achieve these objectives,

• Developing and executing a Strategic Asset Management Plan (SAMP) and supporting Asset Management Plans (AMPs)…