AM Framework: MAG #7 - Performance Evaluation & Reporting - 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) #7 – Performance Evaluation and Reporting.  The first half, published earlier, covered MAG #7 - Overview, Purpose, and Outcomes.  This second half covers MAG #7 - 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 #7- Performance Evaluation and Reporting activities are governed by ISO 55001: 9. - Performance Evaluation and 10. - Improvement requirements as follows:

ISO 55001: 9. - Performance Evaluation requirements distil to:

• 9.1. - Monitoring, Measurement, Analysis, and Evaluation - the organization's Asset Management System (AMS) will define what is measured, by whom, when, and for what purpose.  The AM Framework configures supporting management activitie…