AM Framework: MAG #7 - Performance Evaluation & Reporting - Overview, Purpose, Outcomes

AM Framework Miniseries - Reloaded

This article continues the AMP Asset Management (AM) Framework miniseries and covers the first half of an overview of Management Activity Group (MAG) #7 – Performance Evaluation and Reporting – Overview, Purpose, and Outcomes.  The next article will cover the second half titled MAG #7 – Alignment, Scope, and Outputs.  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 #7 - Performance Evaluation and Reporting is both an ending and a beginning in the AM Framework.

As an ending, MAG #7 evaluates the outcome of planning and decision making that is managed through MAG #4 - Risk Management and Resource Planning, MAG #5 - Strategic Asset Management Plan (SAMP), and MAG #6 - Execution of Asset Management Plan (AMPs).  This supports ISO 55000/1 logic that decision making be governed by an Asset Management System (AMS) whereby quality and performance are managed through conf…