AM Framework: MAG #5 - Strategic Asset Management Plan - 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) #5 – Strategic Asset Management Plan (SAMP).  The first half, published earlier, covered MAG #5 - Overview, Purpose, and Outcomes.  This second half covers MAG #5 - 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 #5 activities lead with development and implementation of the Strategic Asset Management Plan (SAMP).  Related ISO 55000 and ISO 55001 guidance is as follows:

• SAMP definition: "documented information that specifies how Organizational Objectives are to converted into Asset Management Objectives, the approach for developing Asset Management Plans (AMPs), and the role of the asset management system in supporting achievement of the Asset Management …