AM Framework: MAG #6 - Execution of Asset Management Plans - Overview, Purpose, Outcomes

AM Framework Miniseries - Reloaded

This article continues an introduction of the AMP Asset Management (AM) Framework miniseries and covers Management Activity Group (MAG) #6 – Execution of Asset Management Plans – Overview, Purpose, and Outcomes.  This AM Framework is shown below and introduced in earlier newsletters titled AM Framework Overview & History and AM Framework Context.

Asset Management Framework

Overview

MAG #6 executes the Strategic Asset Management Plan (SAMP) and supporting Asset Management Plans (AMPs) developed in MAG #5.  These plans establish strategies, criteria, and priorities to commit the resources, budget, investments, and capabilities consumed by assets and the organization's Asset Management System (AMS).  The resulting plans establish order, priority, conditions, and guidance that direct execution of supporting resources and investments.  The range of activities goes from small purchases and execution of minor work orders to large multiyear capital programs.

Simply, anything coming or going, work…