AMS Behavior: Plans, Planning, and Strategy

Asset Management System Behavior Miniseries

This article continues a miniseries on Asset Management System (AMS) Behavior. It is the tactical extension of the preceding miniseries on Management System Thinking.  The earlier miniseries introduced and developed the concept of management system thinking to improve organizational performance.  The current AMS Behavior miniseries details steps, actions, and strategies to implement management system thinking in the context of an AMS – that is to develop and shape AMS behavior.

The AMP Newsletter views disciplined asset management as an approach that applies ISO 55000 and ISO 55001 principles and requirements.  These standards define a management system for the management of assets to achieve organizational objectives.  This context establishes the following governing concepts and definitions:

• Asset management focuses on value generation from the perspective of organizational performance.

• This involves the use of disciplined asset management implemented through an enterprise Asset Management (AM) Framework.

• The AM Framework focuses decision making on resource and investment decision making to coordinate performance, risk, opportunity, and change management.

• Use of an AM Framework involves plans, planning, and the use of strategies to coordinate these plans.

This article will unpack how ISO 55001: 6. – Planning is applied to develop AMS behavior.  This will highlight features in the following subclauses that are activated through management system thinking and implementation of an AM Framework:

• 6.1. – Actions to Address Risk and Opportunities

• 6.2. – Asset Management Objectives and Planning to Achieve Them

• 6.3. – Planning of Changes (new clause in the ISO 55001 update)