Asset Management Decision-Making Archetypes

AMP Newsletter Series - Mastering Asset Management Decisions

This article launches a microburst in the Mastering Asset Management Decisions series. This microburst focuses on Asset Management Decision-Making Archetypes.

Topics Covered in this Article:

• ISO 55001 requirements for an Asset Management (AM) Framework.

• Distinctions between the AMP Newsletter's AM Framework and maintenance-focused alternatives.

• Introduction to three key asset management decision-making archetypes.

• Supporting decision-making concepts.

• Archetypes as building blocks for effective AM.

Learning Objectives:

• Understand how ISO 55001 mandates a decision-making framework tailored to organizational needs.

• Differentiate executive-focused AM frameworks from maintenance-oriented ones.

• Recognize the three core archetypes and their roles in value realization.

• Identify key concepts that enable archetype implementation.

• Appreciate archetypes as foundational elements for strategic AM decision-making.

Key Takeaways:

• The AMP Newsletter's AM Framework prioritizes executive-level value generation through organizational objectives.

• Decision-making archetypes provide structured approaches to align assets with outcomes, risks, and continual improvement.

• Supporting concepts like value chains and scenario planning enhance proactive, data-driven decisions.

• Mastering these archetypes elevates AM from tactical maintenance to strategic enterprise success.