Formative AMS Implementation Principles
Asset Management System Implementation Principles Miniseries
AMP Newsletter articles for the two formative Asset Management System (AMS) Implementation Principles have been released. These principles cover formative requirements for AMS decision making products. They provide short-cut, objective insights to determine if AMS derived plans and strategies are achievable and sustainable.
The two formative AMS implementation principles are:
These formative principles establish criteria to determine if your organization’s AMS is able to generate defensible plans and strategies to achieve organizational objectives. They define basic requirements for decision making products.
Organizations can use these principles to evaluate the products of AMS decision making. The Performance-Budget Integration Principle ensures the organization’s plans and strategies to manage assets align with organizational needs and can be affordably implemented. The Balance Sheet Analysis Principle ensures that AMS fully address key stakeholder needs and expectations.
The last AMS Implementation Principle is a forever principle used to ensure AMS continual improvement.
Written by: Jack Dempsey | October 15, 2024
AMP Newsletter #095
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