AM Framework: MAG #5 - Strategic Asset Management Plan - Overview, Purpose, Outcomes

AM Framework Miniseries - Reloaded

This article continues the AMP Asset Management (AM) Framework miniseries covering Management Activity Group (MAG) #5 – Strategic Asset Management Plan – Overview, Purpose, and Outcomes.  The next newsletter will cover MAG #5 – Alignment, Scope, and Outputs.  The supporting AM Framework is shown below and introduced in earlier newsletters titled AM Framework Overview & History and AM Framework Context.

Asset Management Framework

Overview

MAG #5 that covers development of the Strategic Asset Management Plan (SAMP) and supporting Asset Management Plans (AMPs) continues planning efforts begun in MAG #4 - Risk Management & Resource Planning.  Where MAG #4 seeks to maximize performance in an unconstrained environment (i.e. not impacted by resource, budget, or capability limitations), MAG #5 applies these constraints.  MAG #5 activities involve an iterative performance optimization analysis.  This analysis is defined by the organization’s Asset Management System (AMS). It is than implemented t…