AM Framework: MAG #4 - Risk Management & Resource Planning - 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) #4 – Risk Management and Resource Planning.  The first half, published in the last newsletter, covered MAG #4 - Overview, Purpose, and Outcomes.  This second half covers MAG #4 - 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

MAG #4 activities are drawn from ISO 55001 Asset Management System (AMS) requirements related to “risk management” and “resource management”. Highlights are as follows:

• Leadership shall ensure that the resources for the AMS are available – ISO 55000: 5.1. – Leadership and Commitment

• Planning to achieve Asset Management Objectives will consider issues related to resources – ISO 55001: 6.2. – Asset Management Objectives and Planning to Ac…