The Forever AMS Implementation Principle

Asset Management System Implementation Principles Miniseries

The AMP Newsletter article that published the only forever Asset Management System (AMS) Implementation Principle has been released. This forever principle recognizes asset management is a continual improvement / learning journey that goes on for as long as the organization cares about the role assets have in value generation.

This completes the miniseries of AMS Implementation principles that include foundational, operative, formative, and forever principles as follows:

Introduction

Foundational Principles:

• Data Integrity

• Whole Life-Cycle Cost Analysis

• Portfolio Management

• Accounting Transparency

Operative Principles:

• Mission Alignment

• Asset (Facility) Performance

• Decision-Making Alignment and Accountability

• Operational Readiness

Formative Principles:

• Performance-Budget Integration

• Balance Sheet Analysis

Forever Principle:

• Asset Management Maturity

Organizations can use these principles to evaluate the products of AMS decision making and value generation. In this context, asset management is only a …