AMS Implementation Principle: Facility Asset Management System Maturity

Asset Management System Implementation Principles

This AMP Newsletter highlights how the Facility Asset Management System Maturity Principle supports implementation of an ISO 55000/1 conforming Asset Management System (AMS) and its enabling Asset Management (AM) Framework.  The AM Framework, shown below, establishes a decision-making logic that coordinates different Management Activity Groups (MAGs) to operationalize an organization’s AMS.  The purpose of the AM Framework is to define value and apply this definition to drive organizational performance and value realization.

Asset Management (AM) Framework

The Facility Asset Management System Maturity Principle is defined in the US National Academies report Strategies to Renew Federal Facilities as follows:

Facility Asset Management System Maturity: To ensure and assure that renewal strategies will lead to desired benefits, they must be supported by a facility asset management system that is periodically and rigorously assessed and reviewed using an objective maturity scale.”

The balance of this article will establish context, ISO 55000/1 alignment, AM Framework reduction, AM Framework implementation, and derived benefits from the Facility Asset Management System Maturity Principle.