AM Framework: Implementation - How to Start

AM Framework Miniseries - Reloaded

This article continues the conclusion of the AMP Asset Management (AM) Framework miniseries.  It covers implementation of the AM Framework in two parts.  The first part covers the “How to Start” an AM Framework implementation activity.  The second part covers the “What to Focus On” during AM Framework implementation.  Following these articles will be the conclusion of the AM Framework that will cover its activation.  The distinction made between implementation and activation is:

• Implementation defines and establishes the AM Framework in an organization.

• Activation initiates use of the AM Framework for risk-informed resource and investment decision making.

The subject AM Framework is shown below:

Asset Management Framework

The purpose of the AM Framework is to focus and streamline asset-related resource and investment decision making needed to achieve Organizational Objectives.  The framework is defined through Management Activity Groups (MAGs) and their relationship to each other.  Each MA…