AM Framework: MAG #2 - Asset Management Objectives - Alignment, Scope, Outputs

AM Framework Miniseries - Reloaded

This article continues the AMP Asset Management (AM) Framework miniseries and provides an overview of Management Activity Group (MAG) #2 – Asset Management Objectives. The first half, published earlier, covered MAG #2 - Overview, Purpose, and Outcomes. This second half covers MAG #2 - Alignment, Scope, and Outputs. The supporting AM Framework is shown below and was introduced in earlier newsletters titled AM Framework Overview & History and AM Framework Context.

Asset Management Framework

Context, Policy, & ISO 55000/1 Alignment

MAG #2 activities are configured by the organization's Asset Management System (AMS) to define decision points and make decisions.  The organization’s AMS is used to establish policy, objectives, and the processes used to achieve these objectives (that is the things that need to get done).  In this context, AMS processes are inclusive of their technology and IT enablement.  This context provides an opportunity to intelligently design how asset performance managem…