AM Framework: MAG #0 - Operating Context

AM Framework Miniseries - Reloaded

This article continues the AMP AM Framework miniseries by providing an overview of Management Activity Group (MAG) #0 – Operating Context.  This AM Framework is shown below and introduced in earlier newsletters titled AM Framework Overview & History and AM Framework Context.

Asset Management Framework

Overview

All organizations are dependent on assets.  Some organizations implement disciplined approaches for asset management.  Disciplined asset management is implemented through an Asset Management System (AMS) that conforms with ISO 55000 and ISO 55001.  This AM Framework establishes a streamlined, practicable means to implement a universal ISO 55000/1 conforming AMS. The reason why organizations implement disciplined approaches for asset management is to improve organizational performance and be successful.

MAG #0 covers activities that manage the organization.  These include reasons and reasoning for the organization’s existence, its purpose, mission, values, and relationship with stake…