AM Framework - Context

AM Framework Miniseries - Reloaded

This article continues the AMP Asset Management (AM) Framework miniseries. The AM Framework is shown below:

Asset Management (AM) Framework

This article develops the context that the AM Framework operates within and is dependent on. This context is described through six perspectives as follows:

• AM Framework Purpose & Role

• AM Framework Contextual Logic

• AM Framework’s Relationship with the Operating Context

• Primacy of the SAMP

• SAMP’s Role in Dynamic Risk Management

• Decision Making Line of Sight

AM Framework Purpose & Role

Context is important because it clarifies the scope, objectives, and relevance of the AM Framework.  This helps to understanding its purpose and role.  The AM Framework's purpose and role is as follows:

• Operating Environment: The AM Framework operates within an organization’s asset management system (AMS) as defined by ISO 55001 – Asset Management System Requirements. This is based on the organization’s approach to asset management as covered by ISO 55000 – Asset Management Overv…