AMS Behavior: Processes

Asset Management System Behavior Miniseries

This AMP Newsletter – Asset Management System (AMS) Behavior miniseries article tops-off the ISO 55000 definition for what an AMS is.  ISO 55000 definitions supporting this are as follows:

• “management system – set of interrelated or interacting elements of an organization to establish policies and objectives, as well as processes to achieve those objectives.

• asset management system – management system for asset management”

The first two elements: Policy and Objectives are covered in preceding AMP Newsletter articles.  This article covers Processes, which is defined in ISO 55000 as a “set of interrelated or interacting activities that uses or transforms inputs to deliver a result”.  These definitions channel the purpose to things that deliver results.

As covered in the preceding article on Objectives, the concept of “results” correlates with risk management.  In a management system risk management deals with uncertainty related to the achievement of objectives.  In the context of an AMS, risk is managed through frameworks that establish discipline around decision making.  The focus of the AMP Newsletter is development and promulgation of the Asset Management (AM) Framework shown below:

This all comes together relating processes, AMS behavior, and the AM Framework as follows: