AMS Implementation Principle: Operational Readiness
Asset Management System Implementation Principles Miniseries
This AMP Newsletter highlights how the Operational Readiness 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.
The Operational Readiness Principle is defined in the US National Academies report Strategies to Renew Federal Facilities as follows:
Operational Readiness: The relationship between agency operational readiness and the levels of facility operational readiness delivered by federal facility renewal strategies must be balanced across a range of relevant investment horizons and resourcing strategies.
Restatement of this principle through an ISO 55000/1 lens is:
Organizational Performance: The relationship between organizational performance and asset performance delivered by the SAMP must be balanced across a range of relevant investment horizons and resourcing strategies.
The balance of this article will establish context, ISO 55000/1 alignment, AM Framework reduction, AM Framework implementation, and derived benefits from the Operational Readiness Principle.
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