Operative AMS Implementation Principles

Asset Management System Implementation Principles Miniseries

AMP Newsletter articles for the second four Asset Management System (AMS) Implementation Principles have been released. These principles cover decision making of an ISO 55000/1 conforming AMS. They provide short-cut, objective insights to determine if your organization’s AMS will be able to accelerate value generation through effective risk management.

The four operative AMS implementation principles are:

• Mission Alignment

• Asset (Facility) Performance

• Decision-Making Alignment and Accountability

• Operational Readiness

These operative principles establish precepts for effective risk management and decision making. They define basic requirements for decision making and decision makers.

Organizations can use these principles to evaluate AMS decision making frameworks. The Mission Alignment and Asset (Facility) Performance Principles define minimum requirements and expectations for resource and investment decision making. The Decision-Making Alignment and Accountability Principle frames mi…