AM Framework: MAG #3 - Capabilities Assessment - 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, and ISO 55000/1 Alignment

The AMS is designed to coordinate activities that care for assets.  The purpose of the AM Framework is to streamline AMS implementation.  The AM Framework is  configured to set up decision points supporting consistent, effective, and efficient risk, performance, and change management.

MAG #3 activities fit into this context as the second act to MAG #2 activities. MAG #2, through development and implementation of Asset Management Objectives, sets criteria, parame…