Pathway to Limitless Asset Management

Management system thinking is the pathway to limitless asset management. Management system thinking incentivizes critical thinking, learning, and agility – that is the ability to find pathways in an integrated, complex, and dynamic world. Management system thinking leads to risk reduction, performance improvement, and growth, but only if the organization is willing to put in the work required.

The pathway to limitless asset management is through integration of asset management capabilities with other management functions. This pathway is accelerated through use of ISO’s management systems’ “harmonized structure”. This structure is defined in the ISO supplement to ISO/IEC Directives, Part 1 – Procedures for the Technical Work, Annex SL - Harmonized Approach for Management System Standards. This structure establishes common organization, principles, and rules for the development of every ISO management system. For instance, the high-level table of contents for every ISO management system…